NXGEN International News
NXGEN, Leading International Merchant Service Provider, Inks Deal to Significantly Expand European Footprint
Building on 40% business growth in US, Canada and UK; move quadruples NXGEN's reach to 16 countries around the world.
May 9, 2011, Whitefish, MT - NXGEN International today announced a major international expansion. According to the terms of the deal, NXGEN and Elavon are partnering to provide payment services throughout Austria, Belgium, Denmark, France, Germany, Italy, Luxembourg, Netherlands, Norway, Poland, Spain, Switzerland, and UK. The estimated value of this deal exceeds $1.5BM in transaction volume. Every one of NXGEN's sales channel and Independent Sales Organizations (sub-ISOs) will have immediate access to all 16 markets. The move also further solidifies NXGEN's position as Elavon's largest MSP partner.
In comments to the press today NXGEN's CEO, Tom Nitopi, and President, Giuseppe Caltabiano, said "Real international leadership in transaction processing takes extraordinary commitment and an exceptional partnership. Our clients will continue to benefit greatly from this deep alliance which has already yielded double digit annual growth, best-in-class management reporting, superior end-to-end servicing/risk mitigation and single platform operations. We are uniquely positioned to deliver what multi-national, multi-location companies value most."
Added Mike Passilla, CEO of Elavon, "This is an exciting time in our partnership with NXGEN. The world has been fragmented for too long in the transaction service and processing space. This agreement represents a giant step forward in reducing those complexities. Elavon is proud to provide NXGEN with the processing reach, scale and solutions to support their expansion efforts."
About NXGEN International Payment Services
NXGEN, the largest worldwide Merchant Service Provider of payment processing, is Elavon's number one ranked MSP. Founded in 1999, NXGEN's 40% YOY growth is the result of continually offering clients innovations that matter. Scale, strength and security mean NXGEN merchants around the world benefit from single platform execution, a full suite of integrated products, value-added servicing, seamless merchant experience, depth management reporting, plus multi-billion dollar rate clout. NXGEN's international headquarters are in stunning Whitefish, Montana.