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Total System Services closes acquisition of TransFirst Holdings

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Total System Services closes acquisition of TransFirst Holdings

Total SystemServices Inc. said April 1 that it completed the of , a merchantsolutions provider.

TransFirst and Total System Services' existing merchantbusinesses will be combined under the Total System Services brand. The businesswill continue its focus on the large and growing small and medium-size businessmarket, enhancing the company's offering in integrated payments, e-commerce andomni-channel services. The combined businesses serve about 645,000 merchantoutlets in the U.S., with approximately $117 billion in transaction volume.

TransFirst President and CEO John Shlonsky was electedsenior executive vice president of Total System Services and will lead thecombined businesses.

TransFirst previously operated as a privately held company,under the ownership of Vista Equity Partners.