The acquisition will strengthen HPS’s processing offer by combining PowerCARD solution in the outsourced mode of new services with high added value.Īdditionally, the strong geographic scope of HPS Group and its recognition over many markets will develop IPRC offers internationally to accelerate its growth and development.Įstablished in 1995, HPS is an innovative payment solutions company at the forefront of the international payment industry providing payment solutions for issuers, acquirers, card processors, independent sales organizations (ISOs), retailers, and national & regional switches around the world. IPRC, being a specialized leader on the Moroccan market for the supervision of ATMs and credit card fraud supervision, is expected to strengthen the outsourced services the company offers its customers. Let us discuss each of the four types of acquisitions in detail. Since 2016, HPS has embarked on a strategic shift with the creation of the Processing activity, which consists of distributing its technologies and services through a new channel and thus offering outsourcing services for its customers’ electronic payment activity. ![]() Following the lifting of the last suspensive conditions related to administrative authorizations as dictated by the regulations in force, HPS and IPRC proceeded to sign the reiterative deed of sale pertaining to 100% shares of the company IPRC. The company offered 1 million more units than. as it tries to expand its lineup of business software products while lowering its profile in consumer electronics. Member-owned and operated since 1949, our core membership base is made up of organizations that have a direct impact on the communities they serve, from hospitals to senior living facilities to schools and many more. Altimar Acquisition III, the third blank check company formed by HPS Investment Partners, raised 135 million by offering 13.5 million units at 10. bought the British software company Autonomy Corp. ![]() IPRC supervises more than 5,500 ATMs on behalf of thirty banks in Morocco and Africa, manages the electronic payment fraud of more than 7 mn cards banking and supervises almost half of the Moroccan electronic payment flow. On Septemafter market close, XL Fleet completed the acquisition of the Spruce Power business from funds managed by HPS Investment Partners, LLC ('HPS') for total cash. HPS is a group purchasing organization that serves the needs of more than 4,300 Members in 33 states. ![]() Hightech Payment Systems Group (HPS), a multinational provider of payment solutions, has announced the completion of the acquisition of IPRC, a national leader in the supervision and remote management of electronic payment systems, announced on July 9th.
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