Acquisition to Fuel Global Growth in Hospitality and Retail Market SegmentsATLANTA, Jan 30, 2008 (BUSINESS WIRE) -- 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
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 DataComm
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.
SOURCE: NOVA Information Systems
NOVA Information Systems
Michelle Wagner, 678-731-5064