July 13, 2024

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Fortis Expands Tech Solutions by Acquiring Payment Logistics

Fortis Expands Tech Solutions by Acquiring Payment Logistics

NOVI, Michigan—Fortis introduced the enterprise is increasing its technologies solutions by obtaining Payment Logistics, a payment know-how corporation based mostly in La Jolla, California. Payment Logistics brings embedded payment partnerships and solutions, as effectively as an experienced staff to the Fortis loved ones.

Founded in 2003 to provide responsible and secure payment technologies, Payment Logistics has partnerships that process a quantity of transactions across firms on an annual basis. The staff has produced partnerships with builders, software package suppliers, and value-included resellers (VARs) to defeat payment integration troubles and provide techniques that optimize the return on financial commitment in commerce remedies. Payment Logistics founder, Dustin Niglio, will go on to lead the La Jolla group as element of the Fortis spouse and children.

“We started Payment Logistics 19 decades back with a eyesight to present the engineering retail and hospitality organizations will need for a speedily evolving electronic payment processing business,” Niglio claimed. “Fortis is increasing rapidly and investing in innovation, so signing up for the Fortis staff is the reasonable subsequent phase toward acknowledging our founding eyesight. I look forward to performing with the merged crew to speed up transformation across the market.”

The teams will do the job to unify the two platforms, growing choices for all customers and companions whilst continuing to provide section-particular encounters, more solidifying Fortis’ place in embedded payments for program providers in North The usa. As section of Fortis, the La Jolla-based mostly group will proceed to give payment solutions tailor-made to the retail and hospitality marketplaces with the power of Fortis’ enablement, payment facilitation, and engagement motor.

“Dustin and his workforce are a single of the most progressive groups we have labored with to day, and we’re psyched about what we can do as a merged pressure,” claimed Fortis CEO Greg Cohen. “The remarkable relationships, unparalleled technologies, and resourceful innovations the Payment Logistics group has created are a gain for all of us. This acquisition strengthens our existing resources and infrastructure at Fortis, enabling us to amplify our tech stack for software program companions and prolong our suite of well-known integrations for companies. In addition, it improves our means to greatly enhance the merchant and shopper encounter with embedded payments.”

This most up-to-date acquisition will supply all of Fortis’ partners and customers with an array of embedded payment selections. Leonis Companions, an advisory business with know-how in guiding entrepreneur-led technological know-how corporations, served as a strategic advisor to Payment Logistics for the transaction. Fortis partnered with Morgan Lewis for lawful advisement.