Sage Group PLC plans to provide cardholder-present payments processing in the United Kingdom and Ireland through a £16.7 million (U.S. $26.3 million) purchase of Dublin-based Integral Computers Ltd., the software provider announced Feb. 7.
Sage Group completed the acquisition through its subsidiary, Sage Pay Europe Ltd., the Newcastle, UK-based supplier of business-management software said.
Integral Computers provides card-processing services to retailers who have either standalone or electronic point-of-sale payment terminals, Sage stated in a press release. In the past year, it processed more than 100 million transactions valued at £6 billion in sales, Sage reported. The company provides software to support more than 25,000 point-of-sale terminals in the UK and Ireland, the press release stated.
Sage Group plans to rebrand Integral as Sage Pay and fold its business into Sage Pay’s existing cardholder-not-present processing capabilities, the company stated.
Sage CEO Guy Berruyer views the acquisition as a means for his company to expand its payment-processing offerings. “The Integral business is highly complementary to our business and marks Sage Pay’s entry into the cardholder-present market in the UK and Ireland,” Berruyer said in the press release.
The acquisition offers opportunities for Sage to cross-sell its card-present and card-not-present processing capabilities, Berruyer added.
Sage Group PLC was formed in 1981 and serves more than 6 million customers worldwide.
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