Purchase joins host-based component payment capabilities with UL's payment terminal offering for total EMV solution
NORTHBROOK, Ill., Nov. 24, 2015 /CNW/ -- UL, a global safety science leader, today announced the purchase of Acquirer Systems, a market leader in testing software and tools for validation of complex payment environments.
UL bought Acquirer Systems to forge a complete portfolio of Test Tools & Simulators for the Payment industry through the combination of its Payment Host Test & Simulation capabilities with UL's Card and Payment Terminal offering. In addition, with this acquisition, UL extends its leadership in EMV migration services in the North American market while gaining cloud-based testing product capabilities.
Acquirer Systems, a privately held company based in Dublin, Ireland, offers solutions to help customers improve testing performance and take on complex payment technology changes, including payment system replacement, new payment card and terminal product development, and compliance with payment standards.
UL and Acquirer Systems' combined portfolio will help strengthen global relationships with key customers. In addition, Acquirer Systems will leverage UL's global scale and resources to expand into new markets.
Acquirer Systems' 23 employees, including CEO Fergal Molloy, and co-founders Aidan Corcoran and Robin Hilliard, will join UL and remain with the company. The transaction closed on November 20.
UL is a premier global independent safety science company that has championed progress for more than 120 years. Its nearly 11,000 professionals are guided by the UL mission to promote safe working and living environments for all people. UL uses research and standards to continually advance and meet ever-evolving safety needs. We partner with businesses, manufacturers, trade associations and international regulatory authorities to bring solutions to a more complex global supply chain. For more information about our certification, testing, verification, validation, inspection, advisory and education services, visit http://www.UL.com.
About Acquirer Systems
Acquirer Systems provides best-in-class enterprise test and validation software, which helps issuers, acquirers, merchants and switch operators to get their products to the market faster and at lower cost. The company has a global reputation for excellence and many of the world's leaders in card payments rely on Acquirer Systems for leadership in payments testing and card processing. Acquirer Systems' clients include blue-chip institutions such as Bank of America, TSYS, Elavon, Discover, American Express and Standard Bank of South Africa, amongst a large and growing customer base. The company has 100+ installations across the United States, Europe, the Middle East, Africa and Asia. Acquirer Systems was founded in 1997, is privately held, and is headquartered in Dublin, Ireland.
PR Manager, UL