Fortis Payment Systems LLC, a payment technology leader for businesses, independent software vendors, and developers, has acquired EpicPay International LLC, an award-winning payment facilitation platform and processor and Change Merchant Solutions LLC, an integrated payment solutions provider. Fortis is backed by private equity firm Lovell-Minnick Partners.
“Expansion into new segments via technology has always been part of our strategy. Both acquisitions support our efforts in this vision,” said Jimmy Nafso, president and COO of FortisPay. “In addition, the capabilities that both EpicPay and CMS bring to the business are best-in-class. The full-service EpicPay platform with PayFac capabilities alongside CMS’s industry expertise will transform our business. I couldn’t be more excited to welcome them to the FortisPay family.”
“Together, we can transform the way software companies integrate not just payments but a full commerce stack into their platforms,” said Greg Cohen, chairman at FortisPay. “These acquisitions will accelerate our mission to help technology partners scale and deliver amazing experiences to their customers. The ability to offer segment-specific payment solutions, rapidly board new merchants and provide an advanced service experience will define tomorrow’s leaders in the payment industry; and FortisPay is ready for that.”
MAPP Advisors, a fintech advisory firm with a core focus on payments and ISVs, served as a strategic advisor to FortisPay for the EpicPay transaction.