Worldpay and CRS Texas enter into an agreement to extend exclusive relationship
CINCINNATI, Aug. 6, 2018 /PRNewswire/ -- Worldpay, Inc. (NYSE: WP; LSE: WPY) today announced they have agreed to extend its exclusive relationship with CRS Texas for four years.
The two companies, which have maintained a highly successful partnership over the past 10 years, are invested in continuing to strengthen their relationship and expand their reach.
Founded in 1972 and headquartered in Houston, Texas, CRS is a technology-enabled provider of comprehensive point-of-sale ("POS") solutions to established single and multi-unit operators in the restaurant, retail, and other hospitality end markets. CRS delivers its highly customized front-of-the-house technology solutions through a recurring service and solutions model for merchants who have complex service needs.
Recently, The CapStreet Group, a private equity firm based in Houston, took a majority interest in CRS Texas with the express goal of growing the business both organically and through acquisition.
Adrian Guerra, a Principal with CapStreet, added, "CRS has built a highly recurring business focused on customer service and we look forward to pursuing new organic growth initiatives and continuing CRS's successful acquisition strategy."
Building on what is already a powerful and vital foundation, the continued, exclusive partnership between Worldpay and CRS Texas will bring the winning hardware and software solutions to more merchant locations, ultimately enabling seamless purchases for consumers and steady growth for merchants.
"We're excited to continue to partner with CRS Texas in the next stage of their growth and, with The CapStreet Group's interest and investment in CRS Texas, we see great things in the future," said Matt Downs, Head of Integrated Payments Channel Partnerships at Worldpay. "We believe that combining CRS Texas's innovative service and sales model with Worldpay's superior payment process products ensures winning outcomes for both parties."
CRS Texas CEO Brian Smith added, "Worldpay has been a great partner to do business with over the years because they're flexible, they understand my business needs and scope. As my business grows rapidly, Worldpay's multitude of integrations, cutting-edge technology and dedicated service and support, positions us well to meet the goals of our clients."
About Worldpay
Worldpay, Inc. (NYSE: WP; LSE: WPY) is a leading payments technology company with unique capability to power global integrated omni-commerce. With industry-leading scale and an unmatched integrated technology platform, Worldpay offers clients a comprehensive suite of products and services globally, delivered through a single provider.
Worldpay processes over 40 billion transactions annually through more than 300 payment types across 146 countries and 126 currencies. The company's growth strategy includes expanding into high-growth markets, verticals and customer segments, including global eCommerce, Integrated Payments and B2B.
Worldpay, Inc. was formed in 2018 through the combination of the No. 1 merchant acquirers in the U.S. and the U.K. Worldpay, Inc. trades on the New York Stock Exchange as "WP" and the London Stock Exchange as "WPY."
Visit us at www.worldpay.com.
About CRS Texas
CRS is known as a leader in the POS industry with over 45 years in the business. As a consultative company we have partnered with the best in the industry providing our customers more solutions.
Headquartered in Houston, CRS is the largest POS provider in Texas with additional offices in Austin, San Antonio and Dallas. Our growth through acquisition of other successful dealerships allows us to continue to expand our offering in six other states.
Our continued growth and success will always depend on our ability to service and satisfy our customers.
For more information, please contact:
Worldpay, Inc. Email Telephone
Adam Kiefaber Adam.Kiefaber@worldpay.com +1 (513) 900-5097
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SOURCE Worldpay, Inc.
