Payment technology company EVO Payments, Inc. announced Monday (Aug. 2) its acquisition of U.K.-based payment gateway Anderson Zaks Limited, which has been enables card acceptance through its relationships with independent software vendors across the U.K., Ireland and continental Europe.
The Anderson Zaks gateway helps merchants in hospitality, pharmacy, venues, ticketing, retail and other vertical markets streamline their payment acceptance. Anderson Zaks has worked with music, sports and cultural events across the U.K. on ticketing needs.
The companies did not release any terms of the acquisition.
“We are very pleased to announce the acquisition of Anderson Zaks, which will expand our tech-enabled payment capabilities and broaden our ISV network in the UK and across Europe,” said Darren Wilson, EVO president, international. “As we continue to grow our European ISV business, we will leverage Anderson Zaks’ proprietary integrations to better service our existing merchants and to sign new merchants interested in adopting tech-enabled payments.”
“We are very excited to be joining EVO’s international organization to be able to offer our leading gateway solutions to EVO’s extensive customer base across Europe,” said Anderson Zaks CEO Iain High. “As a result of the acquisition, our merchants will also benefit from access to EVO’s proprietary capabilities, resulting in a more seamless payments experience for their businesses.”
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“In 2020, companies who were apprehensive about restructuring their payment acceptance processes were finally exposed to the benefits of electronic billing and digital payments, which include increased speed, security and convenience,” Tom Panther, CFO at EVO Payments, told PYMNTS for its “A Decade of Digital Transformation in 12 Months” eBook.
“Companies are seeing faster collection times and decreased days sales outstanding (DSO) averages — which were especially helpful in the last year, when the future of the economy was uncertain and companies were left with less cash on hand,” Panther said in the eBook.