Ausfit began in 1992, providing software services to the health and fitness sector including ClubWise, a fully hosted web-based product which combines state of the art club management software,…read more
Transaction Services Group to be merged with US-based payment solutions provider Clearent
Private equity firm Advent International has announced the merger of two of its portfolio companies, Transaction Services Group - the global provider of business management software and integrated payments for the subscription economy and Clearent - a US-based payment solutions provider.
With the combined entity to be relaunched as Xplor Technologies, a statement from Advent International advised that the definitive merger agreement will “create a superior global platform designed to integrate software, payments, and commerce-enabling solutions for specific vertical markets”.
Commenting on the merger, TSG Chief Executive, Floris de Kort stated “this is a highly complementary combination of applications and platforms that are well positioned to empower businesses that operate in ‘everyday life’ verticals, which are growing rapidly because they are so important to consumers around the world.
“This transaction will enable us to better leverage the advantages of our global breadth with our hyper-local expertise. We will invest in and commercialize our product innovations more effectively, such as our suite of mobile apps, so that we can continue to help our clients eliminate friction and deliver better experiences to their consumers and small businesses.”
The new company will also provide a range of commerce-enabling solutions such as CRM and loyalty program applications, online learning and training software, consumer engagement mobile apps, employee service delivery mobile apps, and billing and account management services that help businesses thrive and prosper by maximising customer engagement and optimising operations.
Advent Managing Partner, Chris Egan added “we have strong conviction in the compatibility of these two companies and their ability to create a category leader.
“We’ve been extremely pleased to see such significant growth in both Clearent and TSG over the past few years, and we believe this combination will further accelerate our expansion into new markets and geographies and better capitalize on the accelerating digitization in our end market verticals.”
Xplor will be headquartered in Atlanta, Georgia, USA with operations across North America, Australasia, Europe, and the United Kingdom employing over 2,000 people.
The combined business will work together to continue serving over 82,000 businesses that processed over $27 billion in payments, operating across 158 countries in 2020.
Image credit: Advent International.
11th February 2021 - TSG launches PerfectMind business management platform
28th April 2020 - TSG acquires health and fitness software provider TrueCoach
24th April 2020 - TSG announces acquisition of Stadline
13th December 2019 - TSG appoints new chief executive to lead company’s Asia expansion
3rd December 2019 - Leadership change at Links Modular Solutions
26th November 2019 - TSG acquires Legend Club Management Systems
2nd January 2019 - Links Modular Solutions announces development plans for 2019
29th September 2018 - Clubware introduces new Member Mobile App
16th February 2018 - Transaction Services Group announces Head of People and Culture
25th January 2017 - Clubware clocks up 1000 clients
30th August 2016 - Transaction Services Group acquires Ausfit
Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?
The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.
However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.
Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.
Subscriptions cost just $90 a year.
Click here to subscribe.
The Complete Guide to Leisure Industry Products & Services.
We are Aussie Strength. The ultimate supplier for Commercial Gym Equipment that's built to deliver in the toughest environments. From USA-Built hardcore weight training equipment from Arsenal…read more
With its sleek good looks and easy-to-use yet powerful functionality, Envibe is the premium fitness club software for the Australasian leisure, recreation and fitness industry. We are the most…read more
INTRODUCTION Abel Sports is Australia’s leading manufacturer and suppliers of Goal Posts, sports ground safety netting systems and coaches boxes for Stadiums ,Sports Clubs, Councils and…read more
Technogym is the leading company in the Wellness and Fitness field all over the world. With 2,200 employees, 14 branches in Europe, U.S., South America, Asia and Australia, Technogym exports its…read more
Centaman has been a market leader in Enterprise Software Solutions for the leisure and recreation industry and both profit and not-for-profit attractions since 1991. It offers a wide range of software…read more
ATS are global leaders in altitude training and research. From mask systems and inflatable tents to simulated altitude facilities, we help all athletes gain the competitive edge. Our…read more
Our team believes floors should be beautiful, comfortable, and engineered for safety, even when wet. Life Floor tiles meet six unique performance based standards: slip-resistance, impact absorption,…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!