M&A Deal Summary

Global Payments Acquires TSYS

On September 18, 2019, Global Payments acquired information technology company TSYS for 21.5B USD

Acquisition Highlights
  • This is Global Payments’ 8th transaction in the Information Technology sector.
  • This is Global Payments’ largest (disclosed) transaction.
  • This is Global Payments’ 10th transaction in the United States.
  • This is Global Payments’ 1st transaction in Georgia.

M&A Deal Summary

Date 2019-09-18
Target TSYS
Sector Information Technology
Buyer(s) Global Payments
Deal Type Merger
Deal Value 21.5B USD

Target

TSYS

Columbus, Georgia, United States
website
TSYS is a provider of payment services, offering secure solutions to empower commerce across all channels. TSYS supports financial institutions, businesses, and governments in more than 80 countries. TSYS was formed in 1982 and is based in Columbus, Georgia.

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Buyer(S) 1

Buyer

Global Payments

Atlanta, Georgia, United States

website


Category Company
Founded 1967
Sector Financial Services
Employees24,000
Revenue 9.0B USD (2022)
DESCRIPTION
View of Global Payments' corporate headquarters in Atlanta, Georgia.
View of Global Payments' corporate headquarters in Atlanta, Georgia.

Global Payments is a worldwide provider of payment technology services. The Company's payment solutions enables merchant customers to accept card, electronic, check and digital-based payments at the point of sale. Global Payments' primary business model provides payment services directly to merchants as customers. The Company also provides similar services indirectly through financial institutions and a limited number of independent sales organizations. Global Payments was founded in 1967 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 17 of 20
Sector (Information Technology) 8 of 10
Type (Merger) 1 of 1
State (Georgia) 1 of 2
Country (United States) 10 of 13
Year (2019) 2 of 2
Size (of disclosed) 1 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-04 Sentral Education

Chatswood, Australia

Sentral Education is a cloud-based school management platform streamlines school administration, student management, and data management. Sentral was founded in 1998 and is based in Chatswood, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 Zego

San Diego, California, United States

Zego is a payments technology and resident engagement platform for the residential real estate industry that unifies critical resident touchpoints into one app. The Company’s mobile-first platform delivers portfolio-wide efficiency, higher NOI and more engaged residents by seamlessly integrating payment, billing and utility expense management capabilities with a proprietary resident engagement and communication portal. Zego also provides smart home device functionality. Zego serves 6,000 residential real estate companies and over 12 million units nationwide. Zego was founded in 2003 and is based in San Diego, California.

Buy $925M