Former VeriFone Systems Inc. (NYSE: PAY) CEO Doug Bergeron and private equity firm GTCR are teaming up for a $500 million funding commitment to a new company – Opus Global Holdings LLC - which they expect to be a global financial technology company that will have a worldwide distribution network.
Opus Global, headquartered in Palo Alto, Calif., plans to buy financial technology companies and expand them internationally. “The existing financial technology and payments ecosystems are rapidly evolving, but remain highly fragmented with limited interoperability and little opportunity to leverage enterprise-wide data,” says Bergeron. “We see an opportunity to successfully consolidate and globalize best-in-breed products for worldwide deployment while leveraging data across applications. We intend to assemble a leading, global financial technology company, and to develop a worldwide distribution network of partners, distributors and employees.”