Francisco Partners has made a majority investment in Paymetric, a SaaS provider of enterprise security and integrated payment services.
Paymetric is a provider of integrated and secure electronic payment acceptance services that enable companies to streamline the order-to-cash process, reduce the scope and financial burden of achieving PCI compliance and improve returns on electronic payment acceptance. Paymetric supports virtually every type of electronic payment in any enterprise system where payment is accepted. The company is based in Roswell, GA (www.paymetric.com).
Paymetric has grown substantially in recent years as enterprise-level merchants increasingly demand solutions to integrate and secure payments and other mission-critical data and processes. The new investment from Francisco Partners will allow Paymetric to continue to launch new modules and extend capabilities to meet customers’ expanding needs.
“With Francisco Partners we have found an investment partner that shares our vision for secure and seamless enterprise payments and sees the opportunity in front of us,” said Asif Ramji, president and CEO of Paymetric. “This partnership will provide the capital and support we need to continue to deliver value to our increasingly diverse global customer base.”
Francisco Partners pursues investments in technology companies with transaction values ranging from $50 million to $2 billion. Transaction structures include buyouts, divisional divestitures, recapitalizations, restructurings and growth equity financings. Francisco Partners is headquartered in San Francisco (www.franciscopartners.com).
“Paymetric’s SaaS-based security and integrated payments solutions are proven to drive substantial value for enterprises. We are excited to partner with Paymetric as it continues to innovate and expand its product and service capabilities,” said Peter Christodoulo, a Principal of Francisco Partners.
Raymond James & Associates acted as financial advisor and Morris, Manning & Martin acted as legal advisor to Paymetric. Kirkland & Ellis acted as legal advisor to Francisco Partners.
© 2013 PEPD • Private Equity’s Leading News Magazine • 8-29-13
