Wednesday, January 30, 2008
By Holly Lytle
Acquisition to Fuel Global Growth in Hospitality and Retail Market Segments
ATLANTA - 30 January 2008 - NOVA Information Systems (NOVA), a wholly owned subsidiary of U.S. Bancorp (NYSE: USB), today announced that it has entered into a definitive agreement to purchase Southern DataComm, a payment software and gateway services provider based in Largo, Florida. The deal is expected to close in early February.
“The addition of Southern DataComm’s solutions offering to our global acquiring business results in a true end-to-end solution offering that is unmatched in the industry,” said Stuart C. Harvey, Jr., president, NOVA. “Their experience in the hospitality and multi-lane retail markets, combined with NOVA’s recent completion of an International Processing Platform, will allow us to more quickly develop and deliver a best-in-class hosted global gateway platform.”
Southern DataComm was founded in 1985 by Gary Eng, president. The company has built a solid reputation in the U.S. payments industry, serving more than 50,000 merchants. Additionally, hundreds of value-added resellers (VARs) have certified their systems to connect through Southern DataComm, supporting a strong one-to-many value proposition. Annually, more than $50 billion travels through its gateway switch, which supports 200 interface modules, helping connect merchants to their choice of acquirers and processors.
“We have a strong reputation as a trusted provider of secure, robust and flexible solutions for our clients,” said Gary Eng. “We look forward to exploring new global opportunities with NOVA, while maintaining our valuable position as an independent single-source solution provider to merchants, POS providers, VARs, ISOs and acquirers.”
In October 2007, Southern DataComm acquired eN-Concert, a suite of payment solutions from Ingenico, Inc., expanding its capabilities in the multi-lane retail market by adding signature capture, BIN file management, and in-store switch functionality. A highly-skilled professional services team works with retailers throughout the often complex implementation process.
About Southern Data Comm
Southern DataComm Inc., the creator of ProtoBase Software, has been a market leader in the payments industry since 1985. SDC provides integrated electronic transaction processing solutions to the North America lodging, travel, restaurant, e-commerce, specialty retail, ticketing, government and cable TV industries. SDC’s comprehensive line of solutions provides both high speed and secure authorizations and settlements for credit, debit, check, private label and gift card transactions. For more information, visit. www.protobase.com.
NOVA Information Systems, a leader in the payment processing industry is a wholly owned subsidiary of U.S. Bancorp (NYSE: USB). NOVA and its European affiliate Elavon provide global merchant processing services to financial institutions and clients in the United States, Canada, Puerto Rico and Europe. NOVA offers integrated payment processing services to more than 1,000,000 merchants worldwide. For more information, visit www.novainfo.com.
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