TSYS To Acquire Cayan for $1.05 Billion and Jack in the Box Sells Qdoba for $305 Million

3 Min Read By MRM Staff

TSYS To Acquire Cayan for $1.05 BillionGlobal payments solutions provider TSYS  will acquire Cayan in an all-cash transaction valued at approximately $1.05 billion. Cayan, a portfolio company of Parthenon Capital Partners, provides technology led acquiring services to more than 70,000 merchants and 100+ integrated partners in the U.S., mostly through their flagship Genius platform.

Post-transaction TSYS and Cayan will serve approximately 730,000 merchant locations with annual processing volume of over $138 billion.

“The acquisition of Cayan strategically complements our merchant goals to become a leading payment solutions provider to small and medium size businesses in the U.S. by delivering ‘best in class’ services and solutions.” said M. Troy Woods, Chairman, President and Chief Executive Officer, TSYS. “TSYS already has tremendous scale and distribution capabilities. The addition of Cayan’s unified commerce solutions puts us in a strong competitive position to…