Clear2Pay Acquires Lexcel (US) to Widen Global Footprint and Strengthen Portfolio of Test Solutions
By Clear2pay, PRNETuesday, June 28, 2011
BRUSSELS and PHOENIX, June 29, 2011 -
Clear2Pay, the international
technology provider of next generation payment solutions for
financial institutions, today announces it has acquired Lexcel
Solutions, Inc., a US-based provider of payment test applications
for core payment platforms and system capacity. This acquisition
complements the company’s current range of test solutions.
Lexcel Solutions provides payment testing software and services
to third-party payment transaction processors, debit and credit
networks, financial institutions, retailers, ATM/POS manufacturers
and government organizations.
Lexcel’s expertise and test solutions along with Clear2Pay’s
Integri-branded test product range will create one of the most
robust end-to-end testing platforms in the marketplace. The Lexcel
team remains in place and now collaborates closely with the
Clear2Pay team to foster the growth of test products and test
services in North America. Lexcel’s clients include major US banks
and foremost companies such Heartland Payment Systems®,
STAR® Network, Wincor Nixdorf, Mercury
Payments®, United States Postal Service®, and
WorldPay.
Michel Akkermans, Chairman and Chief Executive Officer of
Clear2Pay states: “The Lexcel acquisition is a perfect fit with our
growth strategy of both expanding our footprint, as well as our
product range. We feel that payments modernization requires more
than flexible technology alone. Testing across the full process
chain from device manufacturer to processor and the end user is of
vital importance to the delivery of secure payments or value in an
increasingly unified and hybrid world. With the new combined test
tool offering we can support the broadest possible range of devices
and technologies and thus develop testing as a strategic line of
business for the bank, card and mobile payment space alike”.
“We are excited to be part of Clear2Pay, a company that takes a
holistic view on the demands of the payments industry with its
technology, solutions and people. This creates great opportunities
not only for Lexcel, but for our customers as well,” said Carl
Kubitz, President and Chief Executive Officer of Lexcel. “We are
looking forward to expanding the array of test and payment
solutions to our current and Clear2Pay’s customers”.
Jürgen Ingels, Chief Financial Officer and co-founder of
Clear2Pay concludes: “The Lexcel acquisition is the second deal
funded by the proceeds of our 50 million euro capital increase, a
fund raising round we concluded late 2009 with a consortium led by
Aquiline Capital Partners. We expect more acquisitions to follow in
the coming quarters that will further enhance Clear2Pay’s position
in the global payments industry.”
Editor’s note: All trademarks other than Lexcel products are the
property of their respective owners.
For more information:
Clear2Pay NV/SA
Conny Dorrestijn - VP Corporate Marketing and Analyst
Relations
Email: conny.dorrestijn@clear2pay.com
M: +31-651-067201
Steve Lacourt - Marketing and Communications Test solutions
Email: steve.lacourt@clear2pay.com
T: +32(0)27-17-69-00
href="www.clear2pay.com/pages/en/index.htm">www.clear2pay.com/pages/en/index.htm
href="www.lexcel.com/About_Lexcel.html">www.lexcel.com/About_Lexcel.html
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