Deals

Cayan Acquired by TSYS for $1.05B
Date: 
Monday, December 18, 2017
Location: 
Boston
Categories: 
FinTech & Payments
Hardware & Robotics
Mobile
Deal Type: 
Acquisition

TSYS (NYSE: TSS), a leading global payments solutions provider across the issuing, merchant and prepaid industries, today announced it has entered into an agreement to acquire Cayan, a payment technology company focused on integrated payment solutions and merchant acquiring, in an all cash transaction valued at approximately $1.05 billion. The transaction is expected to be modestly accretive to TSYS’ net revenue growth and adjusted diluted EPS in the first full year post closing.

Cayan, a portfolio company of Parthenon Capital Partners, provides technology led acquiring services to more than 70,000 merchants and 100+ integrated partners in the U.S.  Their flagship Genius platform delivers a seamless and scalable unified commerce experience across channels... READ MORE