BluePay Announces Acquisition of Caledon, a Canadian Payment Technology and Processing Company
NAPERVILLE, IL (November 3, 2014) – BluePay, a premier merchant account services provider specializing in technology and security, is pleased to announce the acquisition of Caledon, a prominent Canadian payment processing and technology company with over 30 years of experience in the payments acceptance industry. Having its own secure payment gateway, Caledon is the leading B2B card-not-present processor in Canada. Additionally, having direct end point connections to the major card brands, Caledon is the only Canadian payment solution provider to offer Level 3 processing for Visa, MasterCard, and American Express.
“We are very excited about the acquisition of Caledon,” said John Rante, BluePay CEO. “Caledon’s great reputation, direct connections to the card brands, and B2B focus will allow BluePay the opportunity to increase our payment acceptance capabilities for Canadian and U.S. merchants, as well as enhance our technology.”
Marcus Dagenais, Caledon President and CEO, commented, “Caledon has always been committed to providing superior execution in deploying innovative payment solutions, all while maintaining the highest levels of security to meet the needs of our enterprise clients. This acquisition is a great strategic fit as BluePay shares these same core values and provides access to the resources and expertise necessary to achieve scalable growth. Together with BluePay, our entire team is excited about the direction that Caledon is now headed.”
Golding & Company served as financial advisor to Caledon on the transaction.
About BluePay: BluePay is a leading provider of technology-enabled credit card payment processing for enterprise, small, and medium-sized businesses in the United States and Canada. Through physical POS, online, mobile interfaces, and software integration, BluePay processes business-to-consumer and business-to-business payments while providing real-time settlement, reporting, and reconciliation, along with robust security features such as tokenization and point-to-point encryption. BluePay is headquartered in Naperville, Illinois, with offices in Chicago and New York. For more information, follow BluePay on Twitter and LinkedIn, or visit www.bluepay.com.
About Caledon: Caledon is a technology focused, integrated payment processor concentrating on net new volume in emerging payment acceptance verticals such as B2B, Property Management and Education. As the only independent player in Canada with complete in-house processing capabilities, Caledon provides full front and back-end solutions via direct connectivity to the four major networks of Visa, MasterCard, American Express, and Discover. For more information, follow Caledon on LinkedIn or visit www.caledoncard.com.