San Francisco-based Revel Systems has landed $13.5 Million from ROTH Capital Partners, a relationship-driven investment bank with close connections to Revel. This was Revel’s C-3 investment round, a follow-up to the Series C-1 round led by Welsh, Carson, Anderson & Stowe in November 2014 and Series C-2 round led by Intuit in December 2014.
San Francisco-based Revel Systems has secured approximately $100 million Series C funding from New York City-based private equity firm Welsh, Carson, Anderson & Stowe and other strategic investors. The round includes an initial $65 million investment from WCAS and an additional $25 million equity line available from WCAS.
The seventh largest non-bank merchant acquirer in the U.S. has been sold for $1.5 billion. The deal generated a net profit of $700 million for the owners.
Ingenico entered exclusive negotiations regarding the acquisition of 100% of the share capital of GlobalCollect from its existing shareholders for an enterprise value of €820 million. GlobalCollect has developed a recognized payment expertise, notably in cross-border e-commerce, to enable most recognized brands to sell their products on line across the globe. Thanks to its secure, scalable, in-house and robust online platform supported by an experienced management team, GlobalCollect directly provides merchants with a comprehensive, cross-border one-stop-shop payment solution by acting as a hub to multiple other payment providers in 170 countries and providing an access to 150 local payment methods. During fiscal year 2013, GlobalCollect reported gross revenue of €305 million, net revenue of €111 million and adjusted EBITDA1 of €50 million.
Fiserv announced that Greater Nevada Credit Union (Greater Nevada), based in Carson City, Nev., has selected the DNA account processing platform from Open Solutions, now part of Fiserv. Recognized by industry leading analysts for its best-in-class technology, user experience and breadth of functionality, DNA from Fiserv is the first relationship-centered core banking platform built for global collaboration. DNA is a 24/7 continuous, real-time platform that employs a relational data model designed around the person, not the transaction.
Five small businesses will be trained by American Express OPEN and Facebook on how to build their brands, better market products and services, and target new customers. With a growing need for training on social media marketing, evident with more than 12,000 small businesses having entered the 2012 American Express “Big Break”- up from 11,000 in 2011- marketing experts from American Express OPEN and Facebook will travel to each of the five winner’s small businesses to provide in-depth marketing and strategy sessions as well as $25,000 in cash to put the strategies into action.
Each winner will also receive practical and personal training on best practices using Facebook Pages, Ads and Social Plugins, and will receive consultation on how to maximize their current usage of Facebook. The winning small businesses will have the opportunity to share their winnings and pay it forward by inviting other small business owners within their communities to meet a panel of social media and marketing experts from Facebook and American Express OPEN to teach them how to best utilize social channels for their businesses.
American Express OPEN launched its second-annual “Big Break for Small Business” (www.facebook.com/OPEN), a national contest designed to transform the way small businesses connect and engage with customers online. This year, American Express OPEN is giving every small business that enters educational and brand-building tools, as well as $50 in Facebook advertising credits. American Express Cardmembers and merchants who enter will receive $100 in Facebook advertising credits. The five winning small businesses will receive house calls from American Express OPEN and Facebook branding experts, who will provide in-depth marketing and strategy sessions as well as $25,000 in cash to put the strategies into action. The winners will learn how to use Facebook to build their brands and better market their products and services to their existing customer base and reach new customer segments. Each winner will get practical and personal training on best practices using Facebook Pages, Ads and Social Plugins, and will receive consultation on their current use of Facebook.
The Bon-Ton Stores forged a multi-year private label credit card program agreement with Alliance Data loyalty and marketing solutions. With this, Alliance Data will provide end-to-end proprietary credit card services from account acquisition to multi-channel marketing and customer service. Bon-Ton’s current proprietary credit card program will remain in place until the accounts portfolio conversion occurs, which is anticipated in the second quarter of fiscal 2012.
The Bon-Ton switched to Bomgar remote support solutions to provide reliable, secure remote IT support for its associates and POS systems. The IT support team at Bon-Ton needed to eliminate the hit-and-miss support that stunted productivity of their technicians. With 15,000 devices to support, 10,000 of which are POS systems, Bon-Ton needed a solution to securely support a multitude of devices in remote locations.
Pivotal Payments payment processing expanded its contact centre in Saint John, New Brunswick to provide current and new clients specialized services on an inbound and outbound basis. Business solutions and information pertaining to merchant services, with an emphasis on the acceptance of debit and credit card payments at the point of sale and online will all be offered through this location. Pivotal Payments held the grand opening on Thursday, November 17.
Sage North America integrated its “ERP X3” business process management software for midsized distributors and manufacturers with its “Exchange” PCI certified payments platform. The Sage “ERP X3” customers in North America using versions 5 or 6 can now use Sage Exchange to process credit and debit card transactions that auto post into their Sage “ERP X3” system in a secure, PCI DSS environment. This is ultimately to help businesses streamline their payments process; increase order and payment accuracy; and deliver an improved customer experience by providing the convenience of accepting bank card payments in an integrated environment.
Five small businesses are headed to Palo Alto, CA to get personal tutorials to learn how to make social media work for them at Facebook. Out of more than 11,000 entries, five winners of the “Facebook Big Break for Small Business” contest can rest easy knowing they are headed to Facebook with $20,000 to help them optimize their social media presence and grow. They include Dawn S. Grosvenor of HOPELight Media; Darquia and Gordon Biffle of Big Daddy’s Bar-B-Que; Lisa & Bud Lefevre of Distinctive Gardens; Mark A. Carson & Karen Carson of Fat Brain Toys; and Stephen D. Fraser & Gart Davis of Spoonflower Fabric design and printing. The contest was introduced to give five small business owners access to social media experts, which is to include one-on-one consultations in a classroom setting for valuable insights that they can implement in real-time while they’re at Facebook. American Express will also package lessons from the contest to help educate other small businesses on how to better leverage Facebook for their marketing efforts, available on the AmEx OPEN Forum online resource and networking site for small business owners.