{"id":32419,"date":"2012-08-15T14:40:00","date_gmt":"2012-08-15T14:40:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/global-payments-gpn-agrees-to-acquire-accelerated-payment-technologies\/32416\/"},"modified":"2012-08-15T14:40:00","modified_gmt":"2012-08-15T14:40:00","slug":"global-payments-gpn-agrees-to-acquire-accelerated-payment-technologies","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-payments-gpn-agrees-to-acquire-accelerated-payment-technologies\/32419\/","title":{"rendered":"Global Payments &#8211; GPN &#8211; Agrees to Acquire Accelerated Payment Technologies"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><strong><a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=GPN\">NYSE: GPN<\/a>)<\/strong>, a leading, worldwide provider of electronic transaction processing solutions, announced today an agreement to acquire Accelerated Payment Technologies (APT). \u00a0APT is an innovative provider of fully-integrated payment solutions for small to medium sized merchants producing approximately $8 billion in annual card volume.\u00a0 APT markets its products and services primarily through a network of 700 value-added resellers (VARs) covering 30 different vertical markets.<\/p>\n<p>Global Payments&#8217; Chairman and CEO Paul R. Garcia said, &#8220;Over the course of our long-standing relationship with APT, we have been impressed with the quality and growth of their payment technology solutions.\u00a0 APT serves merchants from attractive growth verticals such as the dental, medical, pharmacy, specialty retail, automotive and veterinary markets.\u00a0 We look forward to having their talented management team join Global Payments.&#8221;<\/p>\n<p>Matthew T. Vettel, Managing Partner of Great Hill Partners, a Boston-based private equity firm and owner of APT said, &#8220;The APT team has successfully positioned themselves as a leading provider of integrated payments with a rapidly expanding network of software partners.\u00a0 Global Payments has been a key strategic partner for APT, and we expect the combined businesses will continue to thrive.&#8221;<\/p>\n<p>Under the terms of the agreement and pending regulatory approvals and customary closing conditions, Global Payments will pay $413 million in cash to acquire APT from Great Hill Partners. The transaction is expected to close during Global Payments&#8217; second fiscal quarter 2013. \u00a0Global Payments currently processes the majority of APT&#8217;s transactions under its existing ISO processing relationship and, as a result, Global Payments&#8217; revenue will not materially change.\u00a0 For the partial year of fiscal 2013, the Company expects the transaction to be dilutive to fiscal 2013 earnings per share on a GAAP basis and about neutral on a cash earnings basis and accretive to cash earnings thereafter. \u00a0Additionally, the Company expects the transaction to be significantly accretive to both North American and total company cash operating margins on an annualized basis.\u00a0 The Company will provide further details when the transaction closes.<\/p>\n<p><strong>About Global Payments &#8211; GPN <\/strong><\/p>\n<p>Global Payments Inc. (GPN) is a leading provider of electronic transaction processing services for merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, Europe and the Asia-Pacific region.\u00a0 Global Payments, a Fortune 1000 company, offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management.<\/p>\n<div class=\"nr_clear\"><\/div>\n<div id=\"nrelate_popular_2\" class=\"nrelate nrelate_popular nrelate_default nr_1col nr_text\"><\/div>\n<p>\t<!--[if IE 6]>\n\t\t<script type=\"text\/javascript\">jQuery('.nrelate_default').removeClass('nrelate_default');<\/script>\n\t<![endif]--><\/p>\n<p>\t<script type=\"text\/javascript\">\n\t\/* <![CDATA[ *\/\n\t\tnRelate.domain = \"www2.thestockmarketwatch.com%2Fstock-market-news\";\n\t\tvar entity_decoded_nr_mp_url = jQuery('<span\/>').html(\"https:\/\/web.archive.org\/web\/20120816175857\/http:\/\/api.nrelate.com\/mpw_wp\/0.51.2\/?tag=nrelate_popular&domain=www2.thestockmarketwatch.com%2Fstock-market-news&url=http%3A%2F%2Fwww2.thestockmarketwatch.com%2Fstock-market-news%2Fglobal-payments-gpn-agrees-to-acquire-accelerated-payment-technologies%2F32419&nr_div_number=2&maxageposts=7200&increment=1\").text();\n\t\tnRelate.getNrelatePosts(entity_decoded_nr_mp_url);\n\t\/* ]]&gt; *\/\n\t<\/script>\n\n\n<div class=\"nr_clear\"><\/div>\n\n\n\n\n<!-- AddThis Button BEGIN -->\n\n\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a>\n<a class=\"addthis_button_preferred_2\"><\/a>\n<a class=\"addthis_button_preferred_3\"><\/a>\n<a class=\"addthis_button_preferred_4\"><\/a>\n<a class=\"addthis_button_compact\"><\/a>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n\n\n<script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script>\n<!-- AddThis Button END -->\n\n\n\n\n<p>More Posts by this author<\/p>\n\n\n\n<ul>\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/perrigo-prgo-reports-record-fourth-quarter\/32505\">\nPerrigo &#8211; PRGO &#8211; Reports Record Fourth Quarter<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-turn-positive-in-mid-day-trading-all-three-major-indexes-near-session-highs\/32518\">\nStocks Turn Positive in Mid-Day Trading; All Three Major Indexes Near Session Highs<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/xueda-education-group-xue-strong-double-digit-growth-and-delivered-solid-performance\/32510\">\nXueda Education Group &#8211; XUE &#8211; Strong double-digit growth and delivered solid performance<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/ibm-to-acquire-texas-memory-systems\/32504\">\nIBM to acquire Texas Memory Systems<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/the-bancorp-tbbk-and-transact-network-limited-to-expand-bancorps-payment-solutions-presence-into-europe\/32503\">\nThe Bancorp (TBBK) and Transact Network Limited &#8211; To Expand Bancorp\u2019s Payment Solutions Presence into Europe<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/u-s-stocks-mixed-as-investors-digest-slightly-weaker-economic-indicators\/32500\">\nU.S. Stocks Mixed as Investors Digest Slightly Weaker Economic Indicators<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-inch-lower-as-ambiguity-over-feds-monetary-easing-persists-silver-prices-also-slip\/32484\">\nGold Prices Inch Lower as Ambiguity over Fed\u2019s Monetary Easing Persists, Silver Prices also Slip<\/a><\/li>\n\n\n\n<\/ul>\n\n\n\n\n\n\n<hr>\n\n\n\n\n\n<table style=\"border:none;margin:0;\">\n\n\n<tr>\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20120816175857im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n\n\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n\n\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n\n\n\n\n<div style=\"font-size:10pt;\">\n\nEd Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/div>\n\n\n<\/td>\n\n<\/tr>\n\n<\/table>\n\n\n\n\n\n\n<script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script>\n\n\t\t\t\t\t\t\n\n\t\n\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NYSE: GPN), a leading, worldwide provider of electronic transaction processing solutions, announced today an agreement to acquire Accelerated Payment Technologies 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