Calpian, Inc. Acquires the Assets of Pipeline Data and Forms Calpian Commerce
Leading global payments company, Calpian, Inc. (CLPI.OB), announces today the acquisition of the assets of payment company, Pipeline Data, and the formation of a new subsidiary, Calpian Commerce
DALLAS--(BUSINESS WIRE)-- Calpian, Inc.(OTC:CLPI) announced today that it has completed the purchase of the assets of Pipeline Data, an Atlanta, GA-based payments company offering proprietary payments-related software and services and third-party payment platforms. Calpian, Inc. has renamed the organization Calpian Commerce.
Calpian Commerce will combine the benefits of Pipelines superior product offerings with Calpians unparalleled industry and marketing experience to better serve its U.S. market of small to mid-sized merchants, ISOs and Agent Bank customers. Calpian Commerce will offer an integrated payment solution to meet the evolving needs of all types of merchants including brick-and-mortar, Internet, mobile and card-not-present merchants.
Leading the new organization will be Calpian, Inc.s President, Craig Jessen. We are very excited to form Calpian Commerce and to apply our industry experience into creating a fully-integrated payments company that offers best-in-class service to each of our customer constituencies. We are working with the very talented team, formerly of Pipeline Data, to assimilate all products under the Calpian Commerce umbrella to ensure a seamless transition for all involved. This acquisition represents Calpian Inc.s commitment to becoming a world-class payments company with leading-edge solutions for virtually every payment scenario.
About Calpian, Inc.
Calpian, Inc. (CLPI) is a publicly traded company with corporate offices in Dallas, Texas, operating centers in Georgia, New York and Illinois and mobile payments emerging-market operations through its subsidiary in India.
Calpian's wholly owned subsidiary, Calpian Commerce, provides the merchant community with an integrated suite of payment platforms and related software based products. Calpian Commerce offers access to leading third party payment platforms to process credit and debit card transactions, ACH, mobile acceptance and gateway payment solutions to merchants in the U.S. operating in the physical brick and mortar environment as well as over the Internet, and in settings requiring wired as well as wireless/portable payment solutions. Calpian Commerce delivers its products and services to merchants via three delivery chains: a direct sales force, ISOs and Agent Banks.
Calpians Indian subsidiary offers Money-on-Mobile, a pre-paid mobile payment solution, to more than 126,000 Indian retail locations. Calpians management team has over 70 years in combined experience in the payments business. Calpians CEO, Harold Montgomery, is a recognized industry leader who has provided expert testimony to the U.S. Congress and Federal Reserve Bank on payments-related issues and regularly appears in numerous industry publications, such as Transaction World Magazine. Please visit our website at www.calpian.com for more information.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy, liquidity, and building a larger credit facility. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Cynthia Bailey, CMO, 404-886-8885
Harold Montgomery, CEO, 214-758-8603
Investor Relations Contact:
John Liviakis, 415-389-4670
Source: Calpian, Inc.Copyright Business Wire 2013