IXOPAY Joins Forces with Aperia Compliance for Enhanced Payment Security
Deal News | Dec 04, 2024 | Newswire Business
IXOPAY, a leading payments technology provider handling over $35 billion in payment volume, has merged with Aperia Compliance, a specialist in PCI DSS data validation and risk management, to expand its end-to-end solutions for merchant acquirers and merchants globally. This strategic merger is set to enhance IXOPAY's capabilities by combining Aperia Compliance's robust PCI DSS Level 3 and 4 solutions with IXOPAY's advanced payment orchestration platform. The new combined product suite will provide comprehensive tools for securing payment systems and compliance with updated PCI DSS Version 4.0 standards. The move comes as part of IXOPAY's larger strategy, backed by K1 Investment Management, to redefine payment operations and establish itself as a leader in the payment data security sector.
Sectors
- Financial Technology
- Data Security
Geography
- United States – IXOPAY is based in Tulsa, Oklahoma, and Aperia Compliance as a subsidiary of the U.S.-based Aperia Solutions indicate a primary geographical focus in the United States.
Industry
- Financial Technology – The article deals with companies providing advanced technology solutions for payment processing and data security, highlighting IXOPAY's capabilities in payment orchestration and Aperia Compliance's PCI DSS services.
- Data Security – The focus of the merger is on enhancing data security solutions for payments, with IXOPAY and Aperia Compliance combining capabilities to offer robust PCI DSS compliance tools.
Financials
- 35 billion USD – The payment volume handled by IXOPAY's platform annually.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| IXOPAY | Merger Partner | Company | A payments technology provider specializing in payment orchestration and security. |
| Aperia Compliance | Merger Partner | Company | A subsidiary of Aperia Solutions focusing on PCI DSS data validation and risk management. |
| Aperia Solutions | Parent Company of Aperia Compliance | Company | Parent company of Aperia Compliance not included in the merger. |
| K1 Investment Management | Investor | Company | Private equity firm supporting IXOPAY’s strategic growth. |
| Brady Harris | CEO | Person | CEO of IXOPAY. |
| Kevin Mokarow | Chairman & CEO of Aperia Solutions | Person | Chairman of Aperia Solutions and senior advisor to IXOPAY's board. |
| Tarun Jain | Principal | Person | Principal at K1 Investment Management. |
| Mills Forni | Media Contact | Person | Media contact for IXOPAY. |