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Global Payments plans to divest Payroll business to Acrisure for $1.1 billion, sharpening focus on core operations and boosting shareholder returns with post-sale proceeds.
Payment tech company Global Payments is selling its payroll business for $1.1 billion. Global Payments will divest payroll operations to Michigan-based FinTech Acrisure, according to a Wednesday (May 28) press release.
Global Payments said on Wednesday it would sell its payroll business to financial technology firm Acrisure for $1.1 billion, marking the payments company's latest attempt at simplifying its business model.
GRAND RAPIDS, Mich.--(BUSINESS WIRE)--Acrisure today announced the signing of a definitive agreement to acquire Global Payments' (NYSE: GPN) payroll business, Heartland Payroll Solutions (“Heartland Payroll”), one of the leading payroll and Human Capital Management (HCM) companies in the United States for $1.1 billion. Upon completion of the transaction, Heartland Payroll – which will be rebranded after closing – will significantly expand Acrisure's current payroll and HCM capabilities and adva.
ATLANTA--(BUSINESS WIRE)-- #globalpayments--Global Payments announced today that it has entered into a definitive agreement to divest its Payroll business to Acrisure.
ATLANTA--(BUSINESS WIRE)-- #globalpayments--Global Payments Inc. (NYSE: GPN) introduced an updated visual identity and logo that features a bolder and brighter look.
ATLANTA--(BUSINESS WIRE)-- #globalpayments--Global Payments Inc. (NYSE: GPN) announced today the release of Genius, a powerful new POS command center for business operations.
Explore how Global Payments' (GPN) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.
ATLANTA--(BUSINESS WIRE)--Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, announced today that Cameron Bready, chief executive officer, will present live at the J.P. Morgan Global Technology, Media and Communications Conference on Tuesday, May 13 at 1:50 p.m. EDT in Boston, MA. Interested parties can listen to a live webcast of the fireside chat from the investor relations section of the company's website at investors.globalpayments.c.
GPN returns $446.3 million to its shareholders via repurchases in Q1.