Sale of Acquirer Systems Ltd. to UL Inc.
Acquirer Systems Ltd. ("Acquirer Systems") is a leading provider of payment testing solutions to banks and card acquirers and issuers. The company's technology enables its customers ensure that their systems were fully interoperable with all the major card networks including Visa, Mastercard and American Express.
Pegasus Capital advised on a sale of the company to UL Inc., a global leader in payment and testing solutions headquartered in Chicago. UL Inc. has a strong market position in the payments testing space through its subsidiary, UL Transaction Services, and the acquisition enhanced its technology offering and consolidated its position as market leader.
TERMS: Not disclosed