Payment Gateway Provider Intrix Buys ISO

by Mercator Advisory Group 0

Payment processing technology and gateway provider Intrix Technology has acquired the assets of Colorado-based independent sales organization Epic Processing for an undisclosed amount. Intrix is led and managed by a team and board that counts former MasterCard and JPMorgan Chase executives and a ViVOtech co-founder among their members. Epic’s portfolio numbered roughly 2,000 merchants.

Jeff Connors, Chairman and CEO at Intrix said, “We are pleased to announce our first acquisition in the payment arena and the overall expansion of the product set that Intrix offers its clients.” Connors added, “Strategically, customers require the availability of a broader product set and prefer to see that offering within its existing suppliers. The synergies between the two companies are immediate and we are confident that Epic’s management team will complement ours in further building a customer focused company in the payments sector.”

As a result of the merger, Epic’s current CEO and co-founder, Ryan O’Connor will become the President of Intrix’s new merchant acquiring division, Intrix Payment Solutions and co-founder Stephanie O’Connor will continue as Vice President of Business Development for Intrix Payment Solutions.

“We are very excited about partnering with Intrix to deliver a more robust and comprehensive offering to our customers. Our goals of growing a company through strategic acquisitions and organic growth are aligned, and we look forward to a long-term partnership with Intrix,” said Ryan O’Connor, President of Epic Processing.”

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