Global Payments Completes Acquisition of ACTIVE Network
September 06 2017 - 7:10PM
Business Wire
Global Payments Inc. (NYSE: GPN), a leading worldwide provider
of payment technology services, announced today that it completed
the previously announced acquisition of the communities and sports
divisions of ACTIVE Network from Vista Equity Partners.
For the third quarter of calendar 2017, the company expects
ACTIVE Network to contribute revenue in a range of approximately
$13 million to $14 million and have no impact on earnings per
share.
About Global Payments
Global Payments Inc. (NYSE: GPN) is a leading worldwide provider
of payment technology services that delivers innovative solutions
driven by customer needs globally. Our technologies, partnerships
and employee expertise enable us to provide a broad range of
products and services that allow our customers to accept all
payment types across a variety of distribution channels in many
markets around the world.
Headquartered in Atlanta, Georgia with more than 10,000
employees worldwide, Global Payments is a member of the S&P 500
with merchants and partners in 30 countries throughout North
America, Europe, the Asia-Pacific region and Brazil. For more
information about Global Payments, our Service. Driven. Commerce
brand and our technologies, please visit
www.globalpaymentsinc.com.
Forward-Looking Statements
Investors are cautioned that some of the statements we use in
this release contain forward-looking statements and are made
pursuant to the “safe-harbor” provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
involve a number of risks and uncertainties and depend upon future
events or conditions. Actual events or results might differ
materially from those expressed or forecasted in these
forward-looking statements. Accordingly, we cannot guarantee you
that our plans and expectations will be achieved. Such statements
may include, but are not limited to, statements about the benefits
of the transaction, including future financial and operating
results, the combined company’s plans, objectives, expectations and
intentions and other statements that are not historical facts.
Important factors that could cause actual events or results to
differ materially from those anticipated by our forward-looking
statements or historical performance associated with the
acquisition of ACTIVE Network include the future performance,
integration and conversion of acquired operations, including
without limitation difficulties and delays in integrating the
ACTIVE Network business or fully realizing benefits of the
acquisition at all or within the expected time period. Additional
factors that could cause events or results to differ materially
from those anticipated by our forward-looking statements or
historical performance can be found in our Transition Report on
Form 10-K for the seven months ended December 31, 2016, and any
subsequent filings with the Securities and Exchange Commission.
Our forward-looking statements speak only as of the date they
are made and should not be relied upon as representing our plans
and expectations as of any subsequent date. We undertake no
obligation to revise any of these statements to reflect future
circumstances or the occurrence of unanticipated events, except to
the extent required by the federal securities laws.
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version on businesswire.com: http://www.businesswire.com/news/home/20170906006850/en/
Global Payments Inc.Investor contact:Isabel Janci,
770-829-8478investor.relations@globalpay.comorMedia contact:Amy
Corn, 770-829-8755media.relations@globalpay.com
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