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Secure Retail completes acquisition of Smart Technology Solutions (STS)

Secure Retail is pleased to announce the acquisition of STS, a market leading UK-based payments acceptance software specialist.

With over 25 years’ experience in the payments industry STS is a product-led company that invests heavily in developing high-quality payments acceptance applications in order to remain at the forefront of payments innovation.

STS’s modular approach means that these solutions can be used individually in their own right or as part of a broader integrated payments system. Their solutions support cloud, local and hybrid deployment models.

With many thousands of merchant implementations globally across multiple industry sectors, STS offers a suite of innovative payment applications that helps retailers, airlines and transportation operators accept card payments efficiently and securely. Their solutions have been designed for complex payment processing environments with support for multi-merchant and offline implementations.

David Russell, CEO of Secure Retail
“STS has built a strong reputation as a market leading cloud based payments solution provider and we are thrilled to bring them into the Secure Retail family.

The agnostic and modular approach to their application development fits perfectly with the strategic direction of our business and will enable us to enhance the product offerings and partnerships with our customers.

We look forward to the opportunities this acquisition will present Secure Retail as we continue to evolve within the payments space.”

Steve Turner, CEO of STS
“STS has worked very closely alongside Secure Retail for nearly 20 years and I’m very excited about the acquisition of STS by Secure Retail and the opportunity it presents to both businesses moving forwards.

With Secure Retail continuing to invest in our highly experienced development team, coupled with the strong relationships they have built within the payments space, we can expand and deploy into new architectures, markets, and environments previously beyond our reach.”

Andy Leach, Investment Partner at NVM Private Equity
“We are delighted to be backing David and his management team in the strategic vision they have for Secure Retail. The rapidly growing deployment of their payment solutions over the last 5 years will only be accelerated by this acquisition and we look forward to supporting the continued development of the business over the coming years.”

You can read the full story on Secure Retail's Corporate Website HERE > 

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