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IndustryUpdate

company will operate as Paysafe and plans to list on the compliance management through its industry-lead-
New York Stock Exchange under the symbol PSFE. The ing next-generation cloud security platform, Sysnet
transaction reflects an implied proforma enterprise value stated. "The acquisition reaffirms Sysnet's commit-
for Paysafe of approximately $9 billion. ment to enterprise-level merchants and elevates the
company to the clear market leader in the industry
Paysafe stated it is a leading integrated payments platform, that it serves," the company noted. "The combination
with a two-sided consumer and merchant network, whose also comes at a time when businesses of all sizes are
core purpose is to enable businesses and consumers around being targeted by cyber criminals, especially the larg-
the world to connect and transact seamlessly through pay- est of enterprises."
ment processing, digital wallet and online cash solutions.
Poynt goes to GoDaddy APPOINTMENTS

Internet domain and web hosting company GoDaddy FourQ hires Mae Ma
acquired Poynt, a payment processor reportedly used by
more than 100,000 merchants. Per the agreement, GoDaddy FourQ, a solutions provider for automating intercom-
will pay a total of $365 million for the company; $325 mil- pany billing and invoice management, selected May
lion will be in cash; $40 million will be in deferred cash Ma as its vice president, transformation. Ma, who
payments subject to specified performance and employ- previously led global finance technology and pro-
ment conditions over three years. The deal is expected to cess improvement initiatives for client organizations
close in the first quarter of 2021. while with Deloitte, will build strategic relationships
to fuel the company's growth, develop talent to serve
Sysnet acquires Viking Cloud FourQ's global client base, and help multinational
organizations address complex intercompany chal-
Sysnet Global Solutions, a provider of cyber security and lenges, the company noted, adding that throughout
compliance solutions, acquired Viking Cloud to further her15-year career, Ma has helped senior finance lead-
enhance its technology platform and accelerate its market ers in Fortune 500 companies transform operating
expansion plans. Viking Cloud delivers asset, event and models, implement global financial systems, improve
efficiencies and reduce risk.

Clarus welcome Bryan Pham
Bryan Pham signed on with payment service pro-
vider Clarus Merchant Services as vice president
Payment Solutions of investor relations. Pham will be based out of the
company's national headquarters in Gaithersburg,
For App Developers Md. Pham brings to the company a decade of experi-
ence in the financial services industry. Most recently,
he was vice president of business development at
eProcessing Network provides Ardenton Capital, a private equity firm focused on
lower middle market businesses. In his new role,
payment solutions that intergrate Pham will lead investor relations for Clarus. Pham
directly into web pages, shopping and report to Jonathan Turner, the company's Chief
carts, third-party software, Information Officer.
and mobile apps for both iOS
and Android. Micah Shawn joins Indeflex

ePN’s FREE Developer Indeflex, a national merchant services provider, hired
industry veteran Micah Shawn as its national sales
Support Center provides director. Shawn brings decades of merchant services
online documentation, experience to the team, having worked for indus-
sample code, and support try giants First Data Corp. and Bank of America
for registered developers. Merchant Services in several executive leadership
positions.
ePN has payment options to fit all of
your merchant’s needs He led Bank of America Merchant Services' sales
strategy through the fastest growth years of the
(800) 296-4810 11-year joint venture, as they were the first company
eProcessingNetwork.com to bring Clover to the marketplace, Indeflex stated.

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