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Bluefin Acquires Tecs To Combine Payments And Data Security Solutions

PRIVATENov 01, 2022

Acquiring Company

Bluefin BidCo Limited

Acquired Company

TECS

AustriaInformation TechnologySoftwareFintechFinancial ServicesSoftwarePaymentsE CommerceFintechMobile Payments

Description

Bluefin, the recognized integrated payments leader in PCI-validated encryption and tokenization technologies that protect payments and sensitive data, today announced the acquisition of TECS Payment Systems, a global provider of omnichannel payment solutions to acquirers, payment service providers and POS system providers.

Quick answer

Bluefin BidCo Limited is acquiring TECS, announced November 1, 2022.

How much did Bluefin BidCo Limited pay for TECS?
The deal value was not disclosed.
What does Bluefin BidCo Limited do?
Bluefin BidCo Limited is a company making a cash offer to acquire shares in another firm.
Where are Bluefin BidCo Limited and TECS based?
TECS is based in Austria.
Who are the decision-makers at Bluefin BidCo Limited?
Fundz holds 3 contacts at Bluefin BidCo Limited. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Bluefin BidCo Limited

About

Bluefin BidCo Limited is a company making a cash offer to acquire shares in another firm. It aims to gain control and influence over the target company's assets and direction. The company’s strategies typically focus on restructuring and governance improvements. Exact details about the company’s operations are not provided.

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Frequently asked

Who acquired TECS?

TECS was acquired by Bluefin BidCo Limited. The deal was reported on November 1, 2022. Bluefin BidCo Limited is a company making a cash offer to acquire shares in another firm. It aims to gain control and influence over the target company's assets and direction. Bluefin BidCo Limited is privately held and operates in Information Technology.

When did Bluefin BidCo Limited acquire TECS?

Bluefin BidCo Limited's acquisition of TECS was reported on November 1, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does TECS do?

Founded in 2000, TECS provides omnichannel payment solutions to Acquirers, Payment Service Providers, POS system providers, Independent Software Vendors and other merchant aggregators around the globe based on an open cloud-based payments platform. It is privately held, operating in Financial Services, and is based in Austria.

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