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Joint Venture • Internet Software and Services

TSYS and Visa U.S.A. Acquire Vital Processing Services

On January 1, 1996, TSYS and Visa U.S.A. acquired internet software and services company Vital Processing Services

Acquisition Context
  • This is TSYS’s 1st and Visa U.S.A.’s 1st transaction in the Internet Software and Services sector.
  • This is TSYS’s 1st and Visa U.S.A.’s 1st transaction in the United States.
  • This is TSYS’s 1st and Visa U.S.A.’s 1st transaction in Arizona.

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M&A Deal Summary
Date January 1, 1996
Target Vital Processing Services
Sector Internet Software and Services
Buyer(s) TSYS
Visa U.S.A.
Deal Type Joint Venture

Target Company

Vital Processing Services

Tempe, Arizona, United States
Vital Processing Services (Vital) is a leader in technology-based, commerce-enabling services. Vital delivers comprehensive, end-to-end payment solutions to acquirers and their merchants to reliably process millions of credit, debit and other transactions every day. From authorizing and capturing electronic payments at the point of sale to clearing and settling merchant transactions, managing merchant terminals and providing information management services, Vital partners with acquirers to help them effectively manage and grow their merchant portfolios.
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Buyers Overview 2

Buyer

TSYS

Columbus, Georgia, United States
Category Company
Founded 1982
Sector Information Technology
Employees13,000
Revenue 4.0B USD (2018)
DESCRIPTION

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.

Deal Context for Buyer #
Overall 1 of 10
Sector: Internet Software and Services 1 of 3
Type: Joint Venture 1 of 1
State: Arizona 1 of 2
Country: United States 1 of 10
Year: 1996 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-03 Clarity Payment Solutions

New York, New York, United States

Clarity provides a dynamic, data-driven processing platform that integrates real-time administration and reporting tools, sophisticated marketing and communications technologies, and leading compliance and risk management systems, as well as other unique capabilities that are vital to processing for the prepaid market.

Buy $53M
Buyer

Visa U.S.A.

Foster City, California, United States
Category Company
Founded 1958
Sector Internet Software and Services
DESCRIPTION

Visa U.S.A., Inc. operates as subsidiary of Visa, Inc.

Deal Context for Buyer #
Overall 1 of 1
Sector: Internet Software and Services 1 of 1
Type: Joint Venture 1 of 1
State: Arizona 1 of 1
Country: United States 1 of 1
Year: 1996 1 of 1

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