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- Release Date: 23/01/13 18:04
- Summary: ASSET: SPY: SMARTPAY COMPLETES VIADUCT ACQUISITION
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SPY
23/01/2013 16:04
ASSET
REL: 1604 HRS Smartpay Holdings Limited
ASSET: SPY: SMARTPAY COMPLETES VIADUCT ACQUISITION
AUCKLAND, 23 January 2013- SmartPay (NZX: SPY), a leading provider of
payments and transactional solutions in New Zealand and Australia, today
announced that it has completed the acquisition of the business and assets of
Viaduct Limited, a leading provider of EFTPOS terminals and solutions in New
Zealand.
About Viaduct
Viaduct operates a large well established EFTPOS terminal fleet and is one of
the largest EFTPOS providers in New Zealand. The company was founded eight
years ago by its two Directors and majority shareholders Mark Unwin and Marty
Pomeroy.
Following completion of the acquisition Marty Pomeroy and Mark Unwin have
joined SmartPay in senior executive roles responsible for the ongoing
management and development of SmartPay's New Zealand EFTPOS business.
Managing Director of SmartPay, Bradley Gerdis, commented "With this
acquisition now complete SmartPay kicks off the New Year with a leading
market position as New Zealand's largest EFTPOS business. The increased scale
of the combined business combined with our recently introduced next
generation payments technologies positions us well to execute our strategy of
delivering innovative and competitive payments services through our growing
retail footprint across New Zealand and Australia."
ENDS
For further information contact:
Bradley Gerdis, Managing Director, SmartPay, + 64 9 442 2717
Ivan Hammerschlag, Chairman, SmartPay, + 61 417 44 29 29
About SmartPay Holdings Limited
SmartPay is a leading provider of integrated merchant services utilising the
Internet and broadband connectivity.
SmartPay's product set includes:
1. The provision of EFTPOS terminals and related payments services.
2. Transactional processing services, including for the taxi industry;
Prepayment products; Bill payment solutions and Online Payments.
3. Audio and video, music, messaging and media via its Retail Radio product
set.
For more information visit - www.smartpayltd.com
End CA:00232263 For:SPY Type:ASSET Time:2013-01-23 16:04:41
