Sage Group to acquire Verus Financial Management

Sage Group, which is based in the United Kingdom, will be acquiring Verus Financial Management in a cash deal of US $ 325 million. Sage hopes to improve its services to mid-sized companies in the United States by means of this deal. Verus is based in Nashville, Tenn. and is a division of Financial Technology Ventures. Its forte is credit-card and check processing services to SMBs. crmbuyer.com says:

Verus has more than 100,000 merchant customers, ranging from online retailers to gas stations, restaurants and car dealerships. Verus’ revenues come from service fees linked to processed sales transactions.

Go to: Sage Eyes Mid-Sized Market as It Buys US Payment Processing Firm