TSYS to acquire Cayan for $1.05bn

By Pouyan Broukhim

Total System Services (TSYS), a global leader in payment processing, has announced that it has agreed to purchase fellow US payment technology company Cayan in an all cash deal worth $1.05bn.

Cayan provides integrated payment solutions to more than 70,000 merchants across the US, largely through the company’s flagship Genius platform – the first technology to integrate processing, payment acceptance and customer experience in one platform.

See also:

“The acquisition of Cayan strategically complements our merchant goals to become a leading payment solutions provider to small and medium size businesses in the U.S. by delivering ‘best in class’ services and solutions,” said M Troy Woods, Chairman, President and Chief Executive Officer, TSYS.

“TSYS already has tremendous scale and distribution capabilities. The addition of Cayan’s unified commerce solutions puts us in a strong competitive position to jointly offer a broader set of value-add products and services to our partners and merchants.”

With the acquisition having been approved by the Board of Directors, TSYS expects to complete the transaction in Q1 2018, subject to customary regulatory approvals.


Featured Articles

Top 10 easiest countries in the world to do business

Business Chief takes a look at the top 10 places in the world to do business, according to TMF Group's Global Business Complexity Index (GBCI) for 2023

Patagonia Chair Charles Conn on becoming an imperfectionist

Entrepreneur and Patagonia Chair Charles Conn talks to Business Chief about rethinking strategy amid uncertainty, and why an imperfectionist approach works

Top 10 most valuable brands in the world – Amazon to TikTok

Business Chief takes a look at the top 10 most valuable brands in the world, according to Brand Finance, which puts 5,000 major companies to the test

Four priorities for new Twitter CEO Linda Yaccarino

Leadership & Strategy

Top 10 shifts transforming organisations – McKinsey & Co

Leadership & Strategy

Top 10 fastest-growing jobs in the world according to WEF

Technology & AI