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RenovITe Acquires UK-Based Payments Solutions Group Q-ATM
Thursday 12 October 2017

12 October 2017 - California, US-based payment solutions provider RenovITe Technologies Inc. has acquired UK-based Q-ATM Ltd., a payments consulting group, to expand payments consulting capabilities, the company said.

Terms of the transaction were not disclosed.

The addition of Q-ATM's consulting capability will complement RenovITe's innovative payments products and professional services capabilities, and will increase its ability to deliver its 21st century payments solutions to financial institutions, processors and retailers.

The global sales team has been expanded with the addition of key resources in the USA and UAE.

RenovITe said this acquisition and senior appointments position RenovITe to grow and deliver its payments solutions to clients across the globe.

RenovITe's 21st century solutions enable organisations to refresh their legacy platforms and to compete with new entrants on a level playing field.
Date Published: 12/10/2017
Target: Q-ATM Ltd
Country: UK
Sector: Banking/Financial Services
Type: Corporate acquisition
Status: Closed
Buyer: RenovITe Technologies
Terms of the deal were not disclosed