The company provides online payments processing as well as products for face-to-face and telephone payments. It was known by the name Sage Payment Solutions while under the ownership of The Sage Group plc between 2006 and 2017. The company processes more than $30 billion for over 100,000 customers annually.[5] The company was acquired by Nuvei in February 2023.
Sage Payment Solutions (SPS) North America was founded in 2006 by the London Stock Exchange-listed FTSE 100 company Sage Group who primarily operate in the accounting and payroll business software industry. The same year the Sage Group had entered the payments industry in its home country, the United Kingdom, through the acquisition of Protx, though the companies were kept separate.[6]
Sage Group divested the US Sage Payment Solutions business to GTCR in 2017 for $260 million.[7] Sage Payments Solutions was later rebranded as Paya in January 2018.[8]
GTCR provided Paya with $350 million in new equity.[9] In November 2018 the company appointed their current CEO, Jeff Hack,[10] and that same month acquired Stewardship Technologies.[2] In January 2019 Paya acquired First Billing Services.[2]
On August 3, 2020, Paya announced that they were merging with Nasdaq-listed FinTech Acquisition Corp. III.[11] The merged company will be listed on the Nasdaq stock exchange under the symbol PAYA and have a value of $1.3 billion.[11] GTCR will remain the company's largest shareholder.[11]
In January 2023, Canadian financial services company Nuvei agreed to buy Paya in an all-cash deal worth around US$1.3billion.[12] The acquisition completed the next month.[13]
^French, David; Hu, Krystal; Franklin, Joshua (July 31, 2020). "Exclusive: Payments firm Paya nears $1.3 billion deal to go public - sources". Reuters. Retrieved August 15, 2020.
^Leyden, John (13 November 2006). "Sage pays £20m for payment processing firm Protx". The Register. Retrieved 6 May 2019.
^"GTCR Announces Acquisition of Sage Payment Solutions". GTCR. 2 June 2017. Retrieved 6 May 2019.
^"Sage Payment Solutions Announces Company Rebrand to Paya". Paya. 30 January 2018. Retrieved 6 May 2019.
^"Paya Payment Processing". Nilson Report. February 28, 2018. Retrieved August 15, 2020.
^Banks, Jarrett (August 7, 2020). "INTERVIEW: Paya Goes Public as Digital Payments Become Must-Have". Yahoo Finance. Retrieved August 15, 2020.
^ abc"Paya and FinTech III Announce Merger Agreement". Nasdaq. August 3, 2020. Retrieved August 15, 2020.
^French, David; Nishant, Niket (January 9, 2023). "Canada's Nuvei to expand in U.S. with $1.3 bln Paya buy". Reuters.
^"Nuvei Completes $1.3 Billion Acquisition of Paya" (Press release). GlobeNewswire. February 22, 2023.
External linksedit
Official website
January 01, 1970
paya, paya, holdings, american, payment, processor, service, that, operates, north, america, headquartered, atlanta, georgia, well, headquarters, offices, florida, ohio, virginia, paya, holdings, formerlysage, payment, solutionscompany, typesubsidiarytraded, a. Paya Holdings Inc is an American payment processor service that operates in North America and is headquartered in Atlanta Georgia 3 As well as its headquarters it has offices in Florida Ohio and Virginia 4 Paya Holdings Inc FormerlySage Payment SolutionsCompany typeSubsidiaryTraded asNasdaq PAYAIndustryPayments processingFounded2006 18 years ago 2006 HeadquartersAtlanta Georgia U S Area servedNorth AmericaKey peopleJeff Hack CEO RevenueUS 283 million 2022 Net incomeUS 8 26 million 2022 Total assetsUS 744 million 2022 Total equityUS 257 million 2022 Number of employees300 2022 ParentNuveiWebsitepaya wbr comFootnotes references 1 2 The company provides online payments processing as well as products for face to face and telephone payments It was known by the name Sage Payment Solutions while under the ownership of The Sage Group plc between 2006 and 2017 The company processes more than 30 billion for over 100 000 customers annually 5 The company was acquired by Nuvei in February 2023 Contents 1 History 2 See also 3 References 4 External linksHistory editSage Payment Solutions SPS North America was founded in 2006 by the London Stock Exchange listed FTSE 100 company Sage Group who primarily operate in the accounting and payroll business software industry The same year the Sage Group had entered the payments industry in its home country the United Kingdom through the acquisition of Protx though the companies were kept separate 6 Sage Group divested the US Sage Payment Solutions business to GTCR in 2017 for 260 million 7 Sage Payments Solutions was later rebranded as Paya in January 2018 8 GTCR provided Paya with 350 million in new equity 9 In November 2018 the company appointed their current CEO Jeff Hack 10 and that same month acquired Stewardship Technologies 2 In January 2019 Paya acquired First Billing Services 2 On August 3 2020 Paya announced that they were merging with Nasdaq listed FinTech Acquisition Corp III 11 The merged company will be listed on the Nasdaq stock exchange under the symbol PAYA and have a value of 1 3 billion 11 GTCR will remain the company s largest shareholder 11 In January 2023 Canadian financial services company Nuvei agreed to buy Paya in an all cash deal worth around US 1 3 billion 12 The acquisition completed the next month 13 See also editList of online payment service providersReferences edit Paya Holdings Inc 2022 Annual Report Form 10 K U S Securities and Exchange Commission 21 February 2023 a b c About Our Company Paya Retrieved 15 August 2020 Locations Paya Retrieved August 15 2020 Locations Paya Retrieved August 15 2020 French David Hu Krystal Franklin Joshua July 31 2020 Exclusive Payments firm Paya nears 1 3 billion deal to go public sources Reuters Retrieved August 15 2020 Leyden John 13 November 2006 Sage pays 20m for payment processing firm Protx The Register Retrieved 6 May 2019 GTCR Announces Acquisition of Sage Payment Solutions GTCR 2 June 2017 Retrieved 6 May 2019 Sage Payment Solutions Announces Company Rebrand to Paya Paya 30 January 2018 Retrieved 6 May 2019 Paya Payment Processing Nilson Report February 28 2018 Retrieved August 15 2020 Banks Jarrett August 7 2020 INTERVIEW Paya Goes Public as Digital Payments Become Must Have Yahoo Finance Retrieved August 15 2020 a b c Paya and FinTech III Announce Merger Agreement Nasdaq August 3 2020 Retrieved August 15 2020 French David Nishant Niket January 9 2023 Canada s Nuvei to expand in U S with 1 3 bln Paya buy Reuters Nuvei Completes 1 3 Billion Acquisition of Paya Press release GlobeNewswire February 22 2023 External links editOfficial website Retrieved from https en wikipedia org w index php title Paya Inc amp oldid 1149099399, wikipedia, wiki, book, books, library,
