LARGO, Fla., Nov. 15 -- Southern DataComm (SDC), Inc. today announced the completion of its acquisition of eN-Concert, a suite of solutions from Ingenico, Inc., a leading global provider of secure transaction and payment solutions. The acquisition represents a strategic move by SDC into the tier-one, multi-lane retail market and signals a long-term commitment towards the expansion of their end-to-end suite of products and services to a broader customer base. The eN-Concert team will continue to manage, deliver and support its current suite of products and customers, as well as, leverage SDC's payment delivery and managed payment services. This move continues to redefine SDC as a strategic single source provider for the processing of all electronic payments.
"This is a milestone in the continuation of the evolving technology in the payment industry," said Gary Eng, President of Southern DataComm, Inc. "Bringing eN-Concert together with SDC creates an exclusive end-to-end solution from the latest in-lane payment devices with high speed, managed payment solutions; delivering merchant payments securely to the major processors / acquiring banks in the business."
The acquisition brings together some of the industry's strongest software brands and ubiquitous technologies to provide fast, secure and reliable end- to-end payment solutions which allows value added resellers and merchants to select one vendor for complete electronic payment automation.
The move also brings Ingenico in as one of many SDC strategic partners for ongoing terminal and hardware initiatives. The electronic payment market is growing, fueled by the global shift to electronic payments. The dollar volume of card purchases at Visa, MasterCard and American Express have more than quadrupled from less than $1.4 trillion in 1995 to nearly $6 trillion in 2005.
eN-Concert, formerly a technologies division of Ingenico, with offices in CA and GA, develops, maintains and services proprietary electronic payment transaction processing software and extensive back office applications. The company's eN-Concert product line is compatible with all major hardware and software platforms currently used by retailers, including IBM, NCR, Ingenico, VeriFone and others. The eN-Concert suite is available as separate modules or as an integrated system, providing customers with a flexible, scalable solution.
About Southern DataComm
Southern DataComm (SDC), Inc., the creators of ProtoBase® Software, has been a market leader in the payments industry since 1985. SDC provides integrated electronic transaction processing solutions to the North American lodging, travel, restaurant, e-commerce, specialty retail, ticketing, government and cable TV industries. SDC's comprehensive line of solutions provides both high speed and secure authorizations and settlements for credit, debit, check, private label and gift card transactions. For additional information, please call 1-800-476-4456 or visit www.protobase.com
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Source: Southern DataComm
Web site: www.protobase.com/