| 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
payments.
 "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.
About eN-Concert
eN-Concert, formerly a technologies division of Ingenico, with offices
in CA and GA, develops, maintains and services proprietary electronic payment
transaction processing software and extensive back office applications.
The company's eN-Concert product line is compatible with all major hardware
and software platforms currently used by retailers, including IBM, NCR,
Ingenico, VeriFone and others. The eN-Concert suite is available
as separate modules or as an integrated system, providing customers with
a flexible, scalable solution.
About Southern DataComm
Southern DataComm (SDC), Inc., the creators of ProtoBase® Software,
has been a market leader in the payments industry since 1985. SDC provides
integrated electronic transaction processing solutions to the North American
lodging, travel, restaurant, e-commerce, specialty retail, ticketing, government
and cable TV industries. SDC's comprehensive line of solutions provides
both high speed and secure authorizations and settlements for credit, debit,
check, private label and gift card transactions. For additional information,
please call 1-800-476-4456 or visit www.protobase.com |