US Merchant Account Processor Verus Financial Acquired by UK's Sage Group

[mandy]

In a bid to provide more services to mid-sized enterprises in the United States, UK-based Sage Group said it will acquire Verus Financial Management for US$325 million in cash. Verus has more than 100,000 merchant customers, ranging from online retailers to gas stations, restaurants and car dealerships.

Verus' SMB customer base is likely to adopt more integrated services, Sage expects, such as linking payment and payroll services with accounting software and databases, something Sage provides through its CRM suite of products, especially its accounting platform.

Verus, a Nashville, Tenn.-based division of Financial Technology Ventures, specializes in providing credit-card and check processing services to small and mid-sized enterprises, including retailers, business-to-business providers and e-commerce  companies...

full article: http://www.ecommercetimes.com/story/FZdV...Firm.xhtml