Whitefish-based NXGEN completes merger

Whitefish-based NXGEN International, a payments processing service, has undergone a series of big mergers with Payroc LLC and other businesses.

The company announced a merger with Payroc, a leading merchant acquirer and payment processor, along with Payscape and BluePay Canada.

The merger compiles the payment facilitators into one business, under the Payroc name, to operate in 46 countries and serve more than 55,000 merchants while processing $23 billion in annual bankcard volume.

The merger was sponsored by Parthenon Capital, a growth-oriented private equity firm that focuses on building franchise assets in the financial services and health care sectors.

Prior to the Payroc announcement, NXGEN had also announced a merger with BluePay Canada, which president of NXGEN International Giuseppe Caltabiano said will strengthen the combined services’ abilities to lead in the payment processing sector. The company had also merged with Payment Plus Inc and Payscape during the year.

“While significantly strengthening our Canadian presence, adding BluePay Canada’s ISV capabilities and relationships to the combined Payscape-NXGEN offering will enable software developers, resellers and integrators to deploy their solutions in 46 countries, and will reinforce our position as a unique player in the fintech world,” Caltabiano said in a release. “We are the leader in the space, able to provide both card-present and card-not-present solutions on a large geographical footprint.”

NXGEN International is the largest global merchant service provider (MSP) serving over 13,000 merchants in multiple countries.

For more information, visit www.nxgen.com and www.payroc.com.