In addition to its funding commitment, Madison Dearborn has purchased a minority ownership position in EVO, effective as of the end of December 2012. Financial terms were not disclosed.
EVO Payments International offers a range of payment products and solutions to merchants, Independent Sales Organizations (ISOs), financial institutions, government organizations and multinational corporations located throughout the US, Canada and Europe. The company currently services almost 275,000 merchant customer businesses of all sizes, in various industries, focusing on small- to mid-sized merchants. EVOs annual processing volume has reached more than USD 30 billion in 2012.
In recent news, EVO has purchased PowerPay, a provider of integrated e-commerce and point-of-sale (POS) payment processing solutions.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now