Skyview Capital Buys Credit Card Processing Firm

0

Skyview Capital LLC in Beverly Hills has completed the acquisition of Traxcom Technologies, which processes online transactions for credit card companies.

Traxcopm, based in Bensenville, Ill., was formerly the Ras/Trax business unit of UTStarcom. It currently processes more than 1.5 billion transactions per month, mostly for credit card companies’ merchant networks.

Financial details of the acquisition were not disclosed.

Skyview, a private investment firm, doesn’t plan to change the operations or staff of the company.

“This investment in high-volume, high-growth and high-value transactions is directly in line with our core investment principle of building strong companies with mission-critical products,” said Skyview Capital Chief Executive Alex Soltani in a statement.

Traxcom joins eight other companies in the Skyview portfolio, which focuses on the telecommunications and industrial equipment sectors.

No posts to display