Global Payments Inc., one of the largest worldwide providers of payment solutions, announced that it has completed the acquisition of Ezi Holdings Pty Ltd, a leading integrated payments company focused on recurring payments verticals in Australia and New Zealand. Similar to the company’s OpenEdge division, Ezidebit markets its products through a network of integrated software vendors and direct channels to numerous vertical markets.
Under the terms of the agreement, Global Payments paid a purchase price of AU$305 million (approximately US$268 million), funded by a combination of cash on hand and borrowings on the company’s revolving credit facility.