LONDON, Feb. 15, 2018 /PRNewswire/ - West1 has announced an investment in OpenPath, a leading payments company that provides online merchants with a unique payments solution. OpenPath's technology drives significant savings for companies processing large volumes of online payments and offers innovative chargeback and decline analysis. The terms of this transaction have not been disclosed. West1 will be investing in OpenPath alongside its management team, who will retain a significant stake in the Company. OpenPath is headquartered in Irvine, California. It serves thousands of customers internationally and will be working with West1 to accelerate its robust organic growth.
West1 Chairman, Scott Dorey, commented that the investment represents a "continuation of the West1 theme of investing in new technology companies that are upsetting traditional markets". "We are pleased to be a part of the West1 family and appreciate the opportunity to accelerate deployment across our global partners," says Joseph Watkins, COO of OpenPath. "West1 has added significant growth to several successful companies and we are excited to promote our expansion with their capital support".
West1 Chairman, Scott Dorey, founded one of the most successful short focused Asian funds. West1 continues to pursue strategies across special situations in both developed and emerging markets and makes technology investments with an emphasis on new media and payments. West1 has a separate real estate division that develops senior housing facilities across the southern US.
SOURCE West 1 Global