February 1, 2018
Sage Payment Solutions, which was acquired in June 2017 by Chicago-based private equity firm GTCR from ERP software giant Sage Group, announced this week it has changed its name to Paya. At the time of the $260 million acquisition, the company said that it enabled online payment acceptance for many of its 100,000 customers. Paya’s focus at the time of the deal with GTCR was integrating payments into all kinds of business software, and the rebrand promises innovative ways to do that.
“We are laser-focused on delivering a customer-first experience, with the goal of helping our partners and their customers achieve and maintain a competitive edge in the market,” said Greg Cohen, president of Paya. “Leveraging our integrated software experience, we have perfected a scalable model that will empower our partners to deliver a seamless customer experience across emerging innovative platforms.”