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TSG, Clearent merge to form Xplor

TSG, Clearent merge to form Xplor The new company will serve five verticals spanning everyday life activities, including landscaping services. Clearent, a full-service, integrated payment solutions provider based in the U.S., and Transaction Services Group (TSG), a global provider of business management software and integrated payments for the subscription economy, announced that they have entered into a definitive merger agreement. TSG and Clearent, both portfolio companies of Advent International, a private equity firm, are combining to create a global platform designed to integrate software, payments and commerce-enabling solutions for specific vertical markets. The resulting company will be relaunched as Xplor Technologies serving over 82,000 businesses that processed over $27 billion in payments, operating across 158 countries in 2020. The group s offering combines enterprise software solutions for businesses in five industry verticals - Education, Health and Fitness,

Merger Nets Atlanta a New International Payments Giant

Global Atlanta Xplor Technologies has chosen Atlanta for a new payments-industry headquarters. Photo by Blake Wisz on Unsplash Neither has an  Boston-based venture-capital firm Advent International’s portfolio companies are combining to create a major new payments player in the city that bills itself “Transaction Alley.”  Clearent, a Auckland, New Zealand-based Transaction Services Group, a business software firm with a focus on subscription management, into a globally connected payments firm called Xplor Technologies, which will be based in Atlanta.   Xplor will integrate cloud-based payment processing with enterprise software for businesses what in five of what it calls the “everyday life” verticals: education, health, boutique wellness, field service and personal services, according to a news release.  

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