Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Instagram Outage Disrupts Thousands of U.S. Users 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
PLANO, Texas, Sept. 28, 2017 -- Pivotal Payments, a leading provider of technology-driven global payment processing solutions, announced it has entered into a strategic investment agreement with private equity firm Novacap and Canadian pension fund manager Caisse de depot et placement du Quebec (CDPQ), two world-class institutional investors with extensive expertise in international business expansions. The new shareholders will enable Pivotal to pursue more markets, while further developing its payment technologies.
|
|||
With a strong history of growth since 2003, Pivotal services more than 50,000 merchants, accounting for over USD $14 billion in annual transaction volume. The company offers direct acquiring in North America for point-of-sale businesses, integrated solutions, plus a robust global eCommerce platform. The investment provides Pivotal an opportunity to significantly increase its sources of revenue and fintech capabilities through the acquisition of traditional payment organizations and payment-enabled software companies.
"This investment marks an important step for Pivotal. We pursued an aggressive growth plan over the last few years, and we have chosen the best partners to support us going forward," said Philip Fayer, Pivotal's founding President and Chief Executive Officer.
Pivotal recently announced another phase of its growth with the move of its Arizona office into a new, 26,000-square-foot office in Scottsdale. The SkySong 2 Center location promotes both functionality and employee engagement, to enhance the services offered to merchant clients, sales partners and technology partners.
About Pivotal Payments
Pivotal Payments is a leading provider of technology-driven, end-to-end payment processing solutions. We service the global eCommerce, SMB acquiring and integrated payments (ISV) markets, enabling a wider range of payment acceptance solutions under one innovative platform. Backed by experienced people, cutting edge technology and effective processes, we strive to create meaningful growth for our clients, partners and employees across multiple geographies and industries. As a full-fledged merchant processor for all major card brands, plus a principal member of Interac® and UnionPay International, we provide direct connectivity with the world's largest payment networks to power your success. Learn more at http://www.pivotalpayments.com or http://www.linkedin.com/company/pivotal-payments.
Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/afe161a9-eca2-4d7c-bd18-79f8aaac34c5
Louis Georgakakis Pivotal Payments 877-462-7486 ext. 8001 [email protected]
