News for the Hospitality Executive
Southern DataComm Acquires eN-Concert
|LARGO, Florida - November 19, 2007 - Southern DataComm
(SDC), Inc. today announced the completion of its acquisition of eN-Concert,
a suite of solutions from Ingenico, Inc., a leading global provider of
secure transaction and payment solutions. The acquisition represents
a strategic move by SDC into the tier-one, multi-lane retail market and
signals a long-term commitment towards the expansion of their end-to-end
suite of products and services to a broader customer base. The eN-Concert
team will continue to manage, deliver and support its current suite of
products and customers, as well as, leverage SDC's payment delivery and
managed payment services. This move continues to redefine SDC as
a strategic single source provider for the processing of all electronic
"This is a milestone in the continuation of the evolving technology in the payment industry," said Gary Eng, President of Southern DataComm, Inc. "Bringing eN-Concert together with SDC creates an exclusive end-to-end solution from the latest in-lane payment devices with high speed, managed payment solutions; delivering merchant payments securely to the major processors / acquiring banks in the business."
The acquisition brings together some of the industry's strongest software brands and ubiquitous technologies to provide fast, secure and reliable end-to-end payment solutions which allows value added resellers and merchants to select one vendor for complete electronic payment automation.
The move also brings Ingenico in as one of many SDC strategic partners for ongoing terminal and hardware initiatives. The electronic payment market is growing, fueled by the global shift to electronic payments. The dollar volume of card purchases at Visa, MasterCard and American Express have more than quadrupled from less than $1.4 trillion in 1995 to nearly $6 trillion in 2005.
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