Retalix Acquires MTXEPS
Acquisition strengthens Retalix position in SaaS space
RA'ANANA, Israel -- Retalix, a leading global provider of software and services to high-volume retailers, said that it has acquired MTXEPS LLC, a leading provider of secure, end-to-end electronic payment software solutions for retailers, delivered via SaaS and in-store models. MTXEPS is a privately held company with solutions deployed directly, or through partner channels (including Retalix), in more than 20,000 stores in North America. Retalix has acquired all of MTXEPS' shares for approximately $18.95 million in cash.
Additional cash consideration of up to $6 million may [image-nocss] be paid over the course of the next two years based on the achievement of certain performance metrics.
"With MTXEPS's premier electronic payment software solutions and large satisfied customer base, we enhance our market leadership in offering retailers comprehensive, advanced solutions across all customer touch points and sales channels," said Shuky Sheffer, Retalix CEO. "SaaS is one of our growth engines, and MTXEPS's SaaS platform and offerings enhance our position in this rapidly evolving space."
MTXEPS's market leading payment engine, by seamlessly integrating with a large variety of point-of-sale systems (POSs), PIN pads and payment processors, provides retailers with unparalleled choice and flexibility to respond to the needs of the fast evolving payments space. Retailers are empowered to rapidly accept new payment types, such as mobile and contactless, address emerging players and to put in place rich payment programs quickly and efficiently.
MTXEPS's offering also includes smart routing, and central configuration management monitoring and control, and enables retailers to be fully current with industry (PCI -- payment card industry) regulatory requirements, while at the same time reducing total cost of implementation and ownership.
"We've had a very successful partnership with Retalix in the US since 2004, and this acquisition is definitely a win-win for both Retalix and MTXEPS employees, customers and partners," said Jon Elwood, President of MTXEPS. "As our solutions become part of the Retalix offering, we strongly believe that our customers and partners will benefit from Retalix's culture of innovation, global presence and strong financial position."
"Retalix will continue to nurture strong relationships with all MTXEPS customers and partners, and will continue to invest in innovative payment software solutions and attentive support," added Sheffer. "We are committed to the success of our customers and partners, as well as to the spirit of the business collaboration that MTXEPS has had with its partners and customers to date."
Retalix is a leading global provider of software and services to high-volume, "high-complexity" retailers, including supermarkets, convenience stores, fuel stations, drugstores and department stores. The company's products and services help its customers to manage and optimize their retail operations, differentiate their brand and build consumer loyalty, while providing retailers with the flexibility and scalability to support ongoing business transformation and growth. Retalix offers solutions for point-of-sale (POS), sales channels and in-store management (including mobile and e-commerce), customer management and marketing, merchandising, and logistics. By leveraging a multitude of deployment options, including Software-As-A-Service (SaaS), Retalix serves a large customer base of approximately 60,000 stores across more than 50 countries worldwide.
The company is based in Ra'anana, Israel, with North America headquarters in Plano, Texas.
Aliso Viejo, Calif.-based MTXEPS markets electronic payment software solutions directly and through reseller channels. Its solutions integrate to both POS and PIN pads while allowing the merchant to take advantage of MTX's feature rich solutions with remote command and control. Our solutions are architected in a phased approach to secure customer card data, going above and beyond today's Data Security Standards (PCI-DSS).