Atlanta, U.S.A-based company, providing integrated payments in PCI-validated encryption and tokenization technologies that protect payments and sensitive data, Bluefin acquired TECS Payment Systems. The company announced the acquisition on November 1, 2022. However, the company did not disclose the amount of the transaction.
TECS Payment Systems is an Austria-based global provider of omnichannel payment solutions to acquirers, payment service providers and POS system providers.
Purpose of acquisition by Bluefin
The acquisition of TECS by Bluefin and TECS enables the companies to serve 34,000 connected merchants and nearly 300 global partners in 55 countries.
Besides, The strategic combination expands the global footprint of both organizations. Meanwhile, Bluefin and its customers gain omnichannel payments and smartPOS capabilities. Further, the company seeks to integrate it with the existing payments and data security suite.
On the other hand, TECS and its customers will benefit from the addition of data security solutions that address the growing needs of larger organizations. Moreover, it receives additional resource investment in the innovative TECS product and solution suite.
As a part of the deal, TECS will be integrated into the Bluefin team. However, it will continue its Austria-based operations, managed locally by TECS CEO and founder Fazlollah Rostamian.
What the Bluefin official has to say
John M. Perry, CEO, Bluefin, said, “We are delighted to welcome TECS’ employees, customers and partners to Bluefin. This combination brings together two companies that focus relentlessly on meeting merchant needs for next-generation payment processing and management as well as the secure exchange of PHI and PII data with PCI-validated encryption and tokenization.”
What the TECS official has to say
Fazlollah Rostamian, Founder & CEO, TECS, said, “There were natural synergies between the TECS and Bluefin solutions and teams. We are excited about what the strength of our combined resources will mean for our customers and the many ways we can help businesses provide the payment experience that their customers demand.”
About TECS Payment Systems
In 2000, founder Fazlollah Rostamian launched the TECS Payment Systems. The company supports various cards, such as international card payments, fleet cards, account-based payments and digital wallets. They are processed through in-person, mobile, unattended and e-commerce channels. The company currently connects 14,000 merchants across 17 countries with their in-store, unattended, mobile, and e-commerce solutions. More than 100 technology partners, acquirers, processors and payment providers worldwide, including Fiserv, Global Payments, Worldline, EVO Payments and more, are using TECS Payment Systems.
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