EVO Payments Acquires North49 to Deliver B2B Integrated Payments for Sage Users
May 23 2022 - 7:00AM
Business Wire
EVO Payments, Inc. (NASDAQ:EVOP) ("EVO" or "the Company"), a
leading global provider of payment technology integrations and
acquiring solutions, today announced it has acquired North49
Business Solutions, Inc. ("North49"), a certified Sage Development
Partner, to provide enhanced B2B integrated payment solutions for
Sage customers.
As both a Sage Authorized Partner and Sage Development Partner,
North49 provides accounts receivables solutions and business
automation tools to allow customers to streamline their payment
workflow via certified integrations to the Sage 300 and Sage
Intacct solutions. Further, North49’s customer portal is an
endorsed solution for Sage 300 and Sage Intacct, with Sage directly
distributing the Sage 300 product. This acquisition expands EVO’s
existing portfolio of ERP integrations to include Sage accounting
software, which will enable the Company to sign new partners and
merchants within the Sage ecosystem.
"We are very excited about the acquisition of North49, which
will enable us to offer our leading gateway and acquiring services
to Sage users and offer a bundled B2B payments solution to
customers new to both Sage and EVO," stated Brendan F. Tansill,
EVO’s President, the Americas. "North49’s leading Sage integration
enhances our existing B2B payment offering, which also includes
native API integrations to the Microsoft, Acumatica, Oracle, and
SAP systems."
"I am delighted to see our vision for North49 continue under
EVO’s ownership," said Rob Eichhorn, CEO and Co-Founder of North49.
"EVO is committed to further expanding our relationship with Sage
and developing our leading suite of Sage-integrated eCommerce
solutions. We look forward to working with our new colleagues at
EVO and to expanding the distribution of our proprietary technology
across our collective partner network."
Said Etienne Grobler, North49’s President and Co-Founder, "EVO
and North49 share a common appreciation for the critical role ERP
providers play in supporting B2B merchants. I can see from EVO’s
strategy that they will prioritize our relationship with Sage and
continue to deliver products that benefit Sage 300 and Intacct
customers around the world."
Terms of the transaction were not disclosed.
Additional Information
For additional information on EVO’s acquisition of North49 and
the Company’s B2B business, please visit
https://investor.evopayments.com/North49.
Forward Looking Statements
This release contains statements about future events and
expectations that constitute forward-looking statements. We intend
such forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in Section 27A
of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Forward-looking statements are often
identified by words such as "anticipates," "believes," "continues,"
"estimates," "expects," "goal," "objectives," "intends," "may,"
"opportunity," "plans," "potential," "near-term," "long-term,"
"projections," "assumptions," "projects," "guidance," "forecast,"
"outlook," "target," "should," "could," "would," "will" and
comparable words. These forward-looking statements involve certain
risks and uncertainties and other factors that could cause actual
results to differ materially from those indicated in such
forward-looking statements, including, but not limited to the
ability of EVO to implement its plans and other expectations with
respect to the acquisition and the other risks, uncertainties and
important factors contained and identified (including under the
heading "Risk Factors") in EVO’s filings with the Securities and
Exchange Commission, any of which could cause actual results to
differ materially from the forward-looking statements. The
forward-looking statements included in this release are made only
as of the date hereof and, except for EVO’s ongoing obligations
under applicable securities laws, EVO undertakes no obligation to
update any forward-looking statements whether as a result of new
information, future events or otherwise. Readers are cautioned not
to place undue reliance on any of these forward-looking
statements.
About EVO Payments, Inc.
EVO Payments, Inc. (NASDAQ: EVOP) is a leading payment
technology and services provider. EVO offers an array of
innovative, reliable, and secure payment solutions to merchants
ranging from small and mid-size enterprises to multinational
companies and organizations across the globe. As a fully integrated
merchant acquirer and payment processor in over 50 markets and 150
currencies worldwide, EVO provides competitive solutions that
promote business growth, increase customer loyalty, and enhance
data security in the international markets it serves.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220523005069/en/
Sarah Jane Schneider Investor Relations & Corporate
Communications Manager +1 (770) 709-7365
investor.relations@evopayments.com
EVO Payments (NASDAQ:EVOP)
Historical Stock Chart
From Oct 2024 to Nov 2024
EVO Payments (NASDAQ:EVOP)
Historical Stock Chart
From Nov 2023 to Nov 2024