News

Worldpay wraps up purchase of SecureNet

The acquisition will accelerate a strategic shift from a more traditional processor to a multichannel payments integrator, Worldpay says.

December 30, 2014

Worldpay, a provider of payments technology and services, has officially closed its acquisition of SecureNet Payment Systems from private equity firm Sterling Partners, according to a news release.

SecureNet, based in Austin, Texas, pioneered the payment industry's only cloud-based solution to seamlessly integrate point-of-sale, mobile and eCommerce payments processing, inventory management and data analytics for merchants, the release said.

With the acquisition, Worldpay also gains SecureNet's network of more than 100 referral and integrated partners, and relationships with more than 17,000 merchants, according to the announcement.

The acquisition will accelerate its strategic shift from a more traditional processor to a multichannel payments integrator, according to Worldpay U.S. President and CEO Tony Catalfano.

"Acquiring SecureNet's market-leading payments technology platform will allow Worldpay customers to always make the sale, regardless of how their customers want to pay," he said.

Worldpay also announced recently that it will relocate its U.S. headquarters and 671 Atlanta-based employees to the city's Atlantic Station office park, and will add 600 jobs over the next four years to keep pace with its rapid expansion. Worldpay will invest nearly $10 million in the relocation, which will begin in March 2015 and continue into 2016.