{"id":390647,"date":"2020-12-01T08:59:47","date_gmt":"2020-12-01T13:59:47","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=390647"},"modified":"2020-12-01T08:59:47","modified_gmt":"2020-12-01T13:59:47","slug":"nuvei-to-acquire-base-commerce-llc-a-leading-provider-of-integrated-payment-solutions","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nuvei-to-acquire-base-commerce-llc-a-leading-provider-of-integrated-payment-solutions\/","title":{"rendered":"Nuvei to Acquire Base Commerce, LLC, a Leading Provider of Integrated Payment Solutions"},"content":{"rendered":"
\n

MONTREAL, Dec. 01, 2020 (GLOBE NEWSWIRE) — Nuvei Corporation<\/a>\u00a0(\u201cNuvei\u201d or the \u201cCompany\u201d) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced it has entered into a purchase agreement to acquire substantially all of the assets of Base Commerce, LLC<\/a> (\u201cBase\u201d), a leading provider of integrated payment solutions. The transaction is expected to close on or about December 31, 2020, subject to customary closing conditions.<\/p>\n

Founded in 2008, Base is a technology-driven payment processing company specializing in bankcard and ACH payment processing solutions. Base serves clients in a wide range of industries, including property management, consumer finance and collections, tolling, parking and transportation, and charitable giving. In addition to providing revenue opportunities, this acquisition expands Nuvei\u2019s product capabilities, diversifies its acquiring portfolio, enhances sponsor bank coverage, and enlarges its distribution network. Base processes approximately $8 billion in ACH volume and more than $2 billion of credit card acquiring volume on an annual basis.<\/p>\n

\u201cWe are thrilled to announce our agreement to acquire Base Commerce, a leading payment solutions provider with a merchant-first philosophy that matches our own. This acquisition will significantly expand our product capabilities with a proprietary ACH processing platform as well as further build and diversify our acquiring portfolio, adding high margin verticals,\u201d said Philip Fayer, Nuvei\u2019s chairman and CEO. \u201cWe are excited for the Base team to join us on our mission to make our world a local marketplace.\u201d<\/p>\n

\n About <\/strong>
\n Nuvei<\/strong>
\n
We are Nuvei, the payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration \u2013 propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform offers direct connections to all major payment card schemes worldwide, supports 450 local and alternative payment methods and nearly 150 currencies. Our purpose is to make our world a local marketplace. For more information, visit www.nuvei.com<\/a>.<\/p>\n

\n About Base Commerce<\/strong>
\n
Founded in 2008 and headquartered in Phoenix, AZ, Base is a leading provider of advanced payment processing solutions. Stakeholders in many areas of the payments ecosystem rely on Base\u2019s comprehensive suite of technology and service offerings to ensure that payments are processed securely, promptly, efficiently, and cost-effectively.<\/p>\n

\n Forward-Looking Information<\/strong>
\n
This press release contains \u201cforward-looking information\u201d within the meaning of applicable securities laws.\u00a0Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond the Company\u2019s\u00a0control, that\u00a0could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include\u00a0but are not limited to\u00a0Nuvei and Base\u2019s ability to satisfy all closing conditions, to close the transaction within the anticipated timeline, as well as\u00a0Nuvei\u2019s\u00a0ability to integrate\u00a0Base, accelerate its development timeline and increase its sales.\u00a0Forward-looking information\u00a0is based\u00a0on management\u2019s beliefs and assumptions and on information currently available to management. Although the forward-looking information contained in this press release is based upon what management believes are reasonable assumptions, you\u00a0are cautioned\u00a0against placing undue reliance on this information since actual results may vary from the forward-looking information. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this press release, and the Company does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.<\/p>\n

\n Contact:<\/strong>
\n
Investor Relations
NuveiIR@icrinc.com<\/a><\/p>\n

Public Relations
Nuvei-PR@icrinc.com<\/a><\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

MONTREAL, Dec. 01, 2020 (GLOBE NEWSWIRE) — Nuvei Corporation\u00a0(\u201cNuvei\u201d or the \u201cCompany\u201d) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced it has entered into a purchase agreement to acquire substantially all of the assets of Base Commerce, LLC (\u201cBase\u201d), a leading provider of integrated payment solutions. The transaction is expected to close on or about December 31, 2020, subject to customary closing conditions. Founded in 2008, Base is a technology-driven payment processing company specializing in bankcard and ACH payment processing solutions. Base serves clients in a wide range of industries, including property management, consumer finance and collections, tolling, parking and transportation, and charitable giving. In addition to providing revenue opportunities, this acquisition expands Nuvei\u2019s … <\/p>\n

Continue reading “Nuvei to Acquire Base Commerce, LLC, a Leading Provider of Integrated Payment Solutions”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-390647","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNuvei to Acquire Base Commerce, LLC, a Leading Provider of Integrated Payment Solutions - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nuvei-to-acquire-base-commerce-llc-a-leading-provider-of-integrated-payment-solutions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nuvei to Acquire Base Commerce, LLC, a Leading Provider of Integrated Payment Solutions - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MONTREAL, Dec. 01, 2020 (GLOBE NEWSWIRE) — Nuvei Corporation\u00a0(\u201cNuvei\u201d or the \u201cCompany\u201d) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced it has entered into a purchase agreement to acquire substantially all of the assets of Base Commerce, LLC (\u201cBase\u201d), a leading provider of integrated payment solutions. The transaction is expected to close on or about December 31, 2020, subject to customary closing conditions. Founded in 2008, Base is a technology-driven payment processing company specializing in bankcard and ACH payment processing solutions. Base serves clients in a wide range of industries, including property management, consumer finance and collections, tolling, parking and transportation, and charitable giving. 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