NEW YORK, Nov. 12, 2014 /PRNewswire/ -- TransFirst Inc., a leading provider of secure payment processing services, announced today that it has been acquired by Vista Equity Partners. The acquisition will allow TransFirst to accelerate investments in its end-to-end technology platform, strengthen relationships with partners, and grow its network of over 200,000 merchants.
"We are very excited to be partnering with Vista as we enter our next phase of growth, and are pleased to have the opportunity to leverage Vista's expertise as we migrate toward more integrated processing solutions," said TransFirst CEO John Shlonsky. "Our companies share many of the same core values, including a commitment to operational excellence and an emphasis on a best-in-class customer experience. We believe that this partnership will offer TransFirst the opportunity for tremendous growth in the future."
TransFirst announced a pending deal with Vista Equity Partners on October 13, and the transaction closed November 12. Vista is a leading private equity firm with over $14 billion in cumulative capital commitments, focused on investments in software, data and technology-enabled companies. Vista has an extensive track record of successful transactions, helping companies achieve operational, product and customer service excellence by contributing professional expertise and proven best practices.
"TransFirst offers a powerful payment platform that delivers exceptional value, so it's no surprise that they have been able to retain a strong base of satisfied customers," said Robert F. Smith, Chairman and CEO of Vista Equity Partners. "Together, we will continue serving the needs of these customers while creating new opportunities to drive innovation and growth."
A leading provider of secure transaction processing services and payment enabling technologies, TransFirst offers innovative products and services designed with financial institution, independent sales organization, healthcare, e-commerce, government and merchant customers' unique needs in mind. By collaborating with our customers and utilizing strong industry knowledge, we can help them grow their businesses. Founded in 1995, TransFirst continues to attain significant market share and world-class expertise in growing and profitable industry segments. Built on a platform of personal service, customer commitment and flexible pricing, TransFirst is headquartered in Hauppauge, New York, and has operations facilities in Aurora, Colorado; Broomfield, Colorado; Franklin, Tennessee; and Cypress, California; and executive headquarters in Dallas, Texas. For additional information, please call 800.745.2659 or visit www.TransFirst.com.
About Vista Equity Partners
Vista Equity Partners, a U.S.-based private equity firm with offices in Austin, Chicago and San Francisco, with over $14 billion in cumulative capital commitments, currently invests in dynamic, successful software, data and technology-enabled organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies realizing their full potential. Vista's investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For more information, please visit www.vistaequitypartners.com.
SOURCE TransFirst Inc.