ISO - Vendor Briefs

Sysnet Increases U.S. Presence With Panoptic Acquisition

Print
Email
Reprints
Twitter
LinkedIn
Facebook
Google+

Sysnet Global Solutions, a provider of compliance services, has acquired Panoptic Security Inc., a vendor of compliance validation services to small and mid-size merchants, independent sales organizations, acquiring banks and credit card processors.

The acquisition of Salt Lake City-based Panoptic helps consolidate Dublin, Ireland-based Sysnet’s growing presence in the U.S., Sysnet said in a Nov. 15 press release.

“The combined strengths of Sysnet and Panoptic will help accelerate our plans in the United States and, importantly, will provide our U.S. and international clients with a more diverse, and complementary range of client-focused products and services,” Gabriel Moynagh, Sysnet CEO said in the release. “We also believe the acquisition will result in greater efficiencies and significantly increase our market share.”

“With Sysnet and Panoptic joining forces, it allows the combined group the opportunity to offer a larger global footprint and a broader product and service offering,” Matt Hoffman, Panoptic CEO, said in the release. “Our clients will continue to receive the same high quality products, services and innovation they have come to expect from both Sysnet and Panoptic.”

 

SEE MORE IN

Written to help ISOs and agents make the most effective use of their time in the field, each issue is filled with strategies, selling tips & tactics, new market opportunities and other vital information for POS and ATM sales success. Sign up today >
Download the PDF
How do you stack up against your peers when it comes to salary, commissions, benefits and perks? Find out here In the annual compensation issue. ISO&Agent's editors also comb the industry for advice on contract pitfalls and tips on negotiating the deal you deserve.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.