Global Payments to Buy SICOM Systems
Global Payments Inc., a provider of payment technology and software solutions, will buy SICOM Systems, Inc. from LLR Partners for $415 million.
The company is known for its enterprise, cloud-based software as a service (SaaS) solutions and other technologies to quick service and fast casual restaurants, as well as food service management providers.
SICOM’s technologies are “highly complementary” to its Xenial solutions, the company said. And the transaction also allows Global Payments to expand into food service management.