Corum Leads the Sale of Creditron to Purepay



    
    Continuing Creditron's focus on providing a host of payments solutions
    for SMEs
    

    BELLEVUE, Wash., Aug. 21 /CNW/ -- Corum Group Ltd., the global leader in
merger and acquisition services to software and information technology
companies worldwide, is pleased to announce the acquisition of its client,
Creditron Inc., a Toronto-based provider of payment processing software and
services, by Ohio-based Purepay, an acquirer and operator of payments
companies within the financial industry.
    "Creditron's strong position in the mid-market remittance processing
space in North America was a strong fit with Pure-Pay's acquisition strategy
for the payments industry," Dick Davis, regional director, Corum Group, said.
"The partnership with Pure-Pay will allow Creditron to build on its existing
product success and bring new ones to the marketplace."
    
    About Purepay
    
    Purepay is a Columbus-based acquirer and operator of payments companies
with a primary focus on automation and transaction processing within the
financial services industry. Purepay acquires growing companies, extends their
existing capabilities, and accelerates organic growth with the intent of
operating the companies' long term. The firm targets a broad set of payments
and transaction processing capabilities within the financial services
industry. Purepay's target investments include Cash Management, Check 21, ARC,
Remote Capture, Stored Value Cards, Payments BPOs, ACH Platforms, Mobile
Banking and Micro Payments companies. For more information, visit
http://www.pure-pay.com.
    
    About Creditron
    
    Founded in 1994, Creditron Inc. is a leading provider of payment
processing software and services. Its solutions combine industry standard
operating systems and advanced imaging, scanning and data recognition
technology to help low and mid-volume remittance processors optimize
operations performance and improve customer service. The company's 200 North
American customers process more than 200 million transactions annually,
representing over $50 billion. For more information, visit
http://www.creditron.com.
    
    About Corum Group
    
    Corum Group Ltd. is the global leader in merger and acquisition services
to software and information technology companies worldwide. With 11 offices
globally, Corum has completed over $6 billion in transactions in 15 countries
in its over 20-year history, and publishes the industry's most widely
distributed M&A research. Corum's principals are highly experienced former
tech CEOs, who are supported by the industry's leading researchers, writers
and valuators. The company has spent more than $20 million to build the
world's largest buyer database to help ensure unparalleled success in client
engagements. For additional information, visit http://www.corumgroup.com.





For further information:

For further information: Jessica Eastman of Corum Group Ltd.,
+1-425-455-8281, Jessicae@corumgroup.com Web Site: http://www.corumgroup.com 
               http://www.pure-pay.com                 
http://www.creditron.com

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CORUM GROUP LTD.

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PUREPAY

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