Global Payments to acquire Sentral Education
World-leading fintech provider Global Payments started the week with an announcement: it’s purchasing Sentral Education in Australia. The addition of Sentral marks an important step forward for Global Payment’s growth plans, giving it further exposure to the educational market. According to both companies, there is natural synergy between their platforms, and Sentral’s cloud-based offering should fit well within Global Payments’ products.
Global Payments’ share price has risen by almost 30% so far this year
Source: Yahoo Finance
Sentral’s cloud-based school management system offers educational facilities the ability to streamline administration, student management and data management. A press release notes that the acquisition should “accelerate product enhancement and development for schools” that use the platform, and that it “aligns” well with Global Payments “software driven payments strategy.”
In a statement, Sentral Education’s general manager, Greg Coffey, said: “We are excited to be a part of the Global Payments team. It will be business as usual for our clients. Sentral’s core values, vision and customer centric approach continue to be at the heart of our future operations and strategy. Sentral is dedicated to providing market-leading school management software and we look forward to introducing additional innovation and further enhancing our platform.”
Mark Healy, managing director of Global Payments Australia and New Zealand, added: “We are delighted to welcome Sentral Education to Global Payments. Sentral was founded and run by a group of truly passionate individuals who are dedicated to making schools better. Software integration is at the core of our businesses and Sentral will benefit from the global expertise we have not just in payments, but in school management solutions. The acquisition aligns perfectly with our strategy of providing market leading software and great user experiences in technology solutions and payments.”
Dominion holds Global Payments in its Global Trends Ecommerce Fund.
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