Payroc LLC, a leading merchant acquirer and payment processor, has announced its merger with Payscape, NXGEN International, and BluePay Canada. The transaction creates a full-service global merchant — based in Whitefish, Montana — acquiring and payment facilitator powerhouse operating in 46 countries, while serving more than 55,000 merchants processing $23 billion in annual bankcard volume.
The week before, NXGEN International and Payscape, two payments companies backed by Parthenon Capital, announced their acquisition of BluePay Canada, formerly known as Caledon Computer Systems, Inc. Together, the combined companies of NXGEN, Payscape and BluePay Canada form a new financial technology company that operates in 46 countries and processes more $13 billion in payment volume annually for over 25,000 merchants.
The combined enterprise, with its additional capabilities, will carry a new and enhanced Payroc brand. The combined company is poised to drive rapid expansion and growth through sales, marketing and forward-facing technology – integrated with proprietary U.S. and international front-end and back-end processing platforms.
The company is focused on creating a leading global merchant acquirer, processor and payment facilitator. Said James Oberman, chief executive officer of Payroc. “We are a unique and specialized full-service business , serving both the new world of integrated payments while continuing to support the traditional independent sales organization and agent channels here in North America and globally.”
The consolidated company will have more than 1,000 employees and independent payment professionals.
Adam Bloomston, currently chief executive for Payscape and NXGEN, will serve as president of the combined company. The remainder of the executive team is a combination from each of the four principle merger partners.
Tom Nitopi of NXGEN, launched the partnership, with the acquisition of Payroc and BluePay Canada.