Global Payments Agrees to Obtain MineralTree, a Leader in Organization-to-Enterprise (B2B) Computer software-Led Payments

ATLANTA–(Business WIRE)–World wide Payments Inc. (NYSE: GPN), a major worldwide service provider of payment technological innovation and application answers, right now declared an agreement to buy MineralTree, a leading company of accounts payable automation and organization-to-organization (B2B) payments solutions, from an investor team led by Wonderful Hill Partners, .406 Ventures and Eight Roadways Ventures. MineralTree’s software program-as-a-services (SAAS) choices automate key procurement processes, which includes bill capture, coding and approval, and permit virtual playing cards and integrated payments possibilities throughout a wide variety of critical vertical marketplaces to digitize payables for thousands of prospects.

In mixture with World-wide Payments’ existing B2B payments capabilities, like management in commercial payments, domestic and intercontinental getting, payroll, knowledge and analytics, obtain to non-card dependent rails and digital card provisioning, MineralTree’s cloud indigenous remedies considerably increase World Payments’ goal addressable marketplaces and provide significant incremental avenues for development in just one of the most appealing know-how markets. International Payments also will offer distinctive strengths for potential buyers, suppliers and companies by way of the generation of new digital networks, deepening its aggressive moat by expanding the company’s arsenal of distinct marketplaces and ecosystems.

“B2B reinforces every of the legs of our strategic stool, together with software package primacy, a main ecommerce franchise and an unmatched presence in several of the most beautiful markets all over the world,” explained Jeff Sloan, Chief Govt Officer, International Payments. “Post our merger with TSYS in 2019, we have several of the things of a profitable B2B offering. The addition of MineralTree’s digitized payables remedies boosts our B2B solution suite and expands our opportunity established in one of the largest and most underpenetrated marketplaces in program and payments. We intend to scale our combined B2B initiatives more speedily by leveraging our comprehensive distribution channels and leading cloud centric technologies globally.”

Below the terms of the acquisition arrangement, International Payments will acquire MineralTree for $500 million in cash. World Payments will finance the acquisition with its present credit history facility and cash on hand. The transaction, which is topic to customary closing ailments and regulatory approvals, is predicted to close in the fourth quarter of 2021.

About Global Payments

International Payments Inc. (NYSE: GPN) is a major payments know-how corporation offering innovative software package and services to our customers globally. Our technologies, expert services and group member knowledge permit us to deliver a broad assortment of answers that empower our clients to operate their companies extra efficiently across a selection of channels all around the globe.

Headquartered in Ga with nearly 24,000 crew customers worldwide, World-wide Payments is a Fortune 500® firm and a member of the S&P 500 with globally attain spanning in excess of 100 nations in the course of North The united states, Europe, Asia Pacific and Latin The usa. For a lot more info, pay a visit to www.globalpayments.com and observe World wide Payments on Twitter (@globalpayinc), LinkedIn and Facebook.

About MineralTree

MineralTree provides present day, secure, uncomplicated-to-use, finish-to-stop Accounts Payable (AP) Automation remedies that decrease expenses by more than 75%, boost visibility and manage, and mitigate fraud and threat, though increasing dollars circulation. Far more than 3,000 organizations and monetary establishments, from the mid-industry to the Fortune 500, rely on MineralTree to digitize and improve the full AP Automation and Payment system. As a consequence, they are capable to maintain control over the full invoice-to-payment workflow, make improvements to seller interactions, maximize ROI, and rework the finance purpose from a price heart to a earnings center.

Forward-Wanting Statements

This press release includes forward-searching statements inside of the that means of the Personal Securities Litigation Reform Act of 1995, which includes statements pertaining to the timing of and ability to total the acquisition reviewed herein, and the expected added benefits of the acquisition, including the mixed company’s programs, targets, expectations and intentions. Ahead-searching statements are subject to assumptions, challenges and uncertainties that could lead to actual benefits to differ materially from people contemplated by this kind of forward-hunting statements. The factors that may adversely influence the predicted results incorporate, between some others: the prevalence of any celebration, improve or other situations that could give increase to the termination of the merger agreement the outcome of any lawful proceedings that could be instituted from the parties or others connected to the merger settlement circumstances to the completion of the acquisition may perhaps not be pleased on the anticipated agenda or at all, or the regulatory approvals demanded for the acquisition might not be attained on the terms envisioned or on the predicted routine the quantity of the fees, fees, expenses and rates linked to the acquisition may be unique than anticipated the parties’ capacity to fulfill expectations concerning the timing, completion and accounting and tax treatment options of the acquisition may be distinctive than currently prepared small business disruption all through the pendency of the acquisition or thereafter creating it extra tough to sustain small business and operational associations, like the possibility that our announcement of the acquisition could disrupt our or MineralTree’s associations with shoppers, workforce or other associates complications and delays in integrating the MineralTree business enterprise or absolutely noticing predicted value personal savings and other benefits of the acquisition at all or in the predicted time period our and MineralTree’s skill to retain and employ crucial staff the small business, financial and political disorders in the markets in which we or MineralTree operate and other elements included in “Risk Factors” in our Once-a-year Report on Sort 10-K for the yr finished December 31, 2020, and in other paperwork that we file with the SEC, which are readily available at http://www.sec.gov. You ought to take into account these variables carefully in analyzing ahead-hunting statements and are cautioned not to position undue reliance on these statements. Any forward-wanting statements discuss only as of the day of this interaction or as of the day they have been designed, and we undertake no obligation to update forward-on the lookout statements, except as demanded by regulation.

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