Payment company NXGEN International of Whitefish announced its merger with Atlanta-based Payscape on May 1. The combined company will operate in 75 countries and is expected to process over $10 billion in payment volume annually for more than 20,000 merchants.
NXGEN and Payscape together offer a suite of financial technology capabilities including products such as surcharging, invoicing, registration, e-commerce software, tablet-based point-of-sale systems, mobile payment technology and smart terminals.
“This merger represents the next logical step in NXGEN’s growth and expansion,” Tom Nitopi, founder and vice chairman of the combined company, said. “I have long admired Payscape for its market-leading position, proprietary software products and commitment to excellence in its relationships with both merchants and employees.”
Jeremy Wing, Payscape’s co-founder and chairman, will also serve as vice chairman.
“I’ve long admired what Tom and the incredible NXGEN team have accomplished over the years,” Payscape co-founder and CEO of the combined company Adam Bloomston said. “The strategic and cultural fit between our two teams allows us to integrate seamlessly and provide our customers with exceptional products and service.”
NXGEN International serves over 13,000 merchants in multiple countries, recording double-digit growth year after year since opening in 2002. NXGEN was named the 2018 Montana Small Business Exporter of the Year and the 2017 recipient of the prestigious Elavon Arch Award, presented to the merchant service providers who achieve the highest transaction volumes in the industry.