EVO can strengthen its online payment offering by leveraging the license’s processing platforms.
The acquisition will also support the software community, point-of-sale, mobile, and e-Commerce developers, with required tools to develop a comprehensive suite of multi-channel, multi-service technologies to serve EVO’s merchants globally.
IP Commerce’s core payments team, comprising senior members of the sales, operations and technology teams, will join EVO, based on the agreement.
EVO CEO James Kelly said that it is vital for the growth strategy of the company to provide with intelligent software technologies to fulfill the growing needs of merchant customers.
The company will provide new and existing IP Commerce software developers the same services domestically and throughout 47 international markets where EVO has licenses to process payments.
Besides license acquisition, EVO also obtained certain assets of IP Commerce’s technology infrastructure and is mulling to launch the platform during the fourth quarter of 2013.
The company trades as payments processor and acquirer for merchants, independent sales organizations (ISOs), financial institutions, among others, and deliver safe, modern products and solutions that support the growth of its highly valued customers and their businesses.
