WORLDPAY INC. ACQUIRES ASSETS OF CLICKPAY AND ENTERS INTO A STRATEGIC PARTNERSHIP WITH PROFESSO INC.
Contacts:
For WorldPay, Inc:
Jim Crawford
Crawford Public Relations
703-318-5460
jcrawford@crawfordpr.com
For Professo, Inc.:
Celia Bourdin
Professo, Inc.
212-514-6644 ext 222
cbourdin@professo.com
Agreement Strengthens WorldPay`s Position as Leading Provider of
Secure, Multi-Currency Global eCommerce Transactions in the U.S.;
Professo`s Leadership in Internet Infrastructure Software is Reinforced
STERLING, VA, AND NEW YORK, OCTOBER 1, 2001 - WorldPay, Inc., the global
leader in multi-currency transaction processing and eCommerce, today
announced the continued expansion of its global market presence with the
purchase of key assets of ClickPay, a managed services eCommerce
solution enterprise owned by Professo, Inc.
Under the agreement, WorldPay will acquire all commercial assets of
ClickPay from Professo, including the ClickPay name, Web site, domain
name, customer base and reseller network. ClickPay`s business operations
and payment gateway, which integrates e-merchant accounts with real-time
credit card processing and shopping cart systems, will be transitioned
into WorldPay`s eCommerce platform by December 2001.
As part of this agreement, Professo will integrate WorldPay`s payment
gateway technology and Click and Build shopping cart into its flagship
Hostflow product, formerly Appstreamer. Hostflow is Professo`s
comprehensive end-to-end automation software platform for Hosting
Service Providers (HSP) and Internet Data Centers (IDC).
The deal will enable WorldPay to expand its global reseller base with
the addition of ClickPay`s partner network, and will give Professo
privileged access to a large number of WorldPay`s service and
telecommunications clients.
"This move enhances WorldPay`s position as a formidable eCommerce brand
throughout global markets, augmenting our sales channels through
ClickPay`s strong reseller network," said WorldPay CEO Nick Ogden. "We
are delighted to serve ClickPay`s customers and are committed, together
with Professo, to ensuring a smooth transition."
With the sale of ClickPay commercial assets, Professo completes its
transition into a leading software company focused on the development
and distribution of OSS (operations support systems) and BSS (business
support systems) software tools to the network-based services sector.
"The ongoing partnership will benefit both companies, boosting
WorldPay`s North American profile, while expanding Professo`s reach and
strengthening the features of Hostflow, our flagship software platform,"
said Christophe J. Arroyo, Chairman and President of Professo, Inc.
About Professo
PROFESSO is an Internet infrastructure software company focusing on
automating BSS (business support systems) and OSS (operations support
systems) for Hosting Service Providers and Internet Data Centers.
Professo`s flagship software, HostFlow, is an end-to-end software
platform that automates critical business and operation processes,
including the creation, customization, provisioning and billing of
service packages, with full support for multi-tiered sales channels.
Professo, founded in 1998, is headquartered in New York City and has its
European offices located in Saint-Etienne, France. Professo can be
reached on the web at www.professo.com
About WorldPay, Inc.
WorldPay (www.worldpay.com) was founded in 1993 and throughout its
history has consistently developed innovative and secure Internet-based
products and services.
Today, as the globally acknowledged and trusted leader in secure,
multi-currency Internet payment solutions, WorldPay enables over 11,000
customers in 109 countries to sell to shoppers around the globe - in the
language and currency of their choice.
Through its unique Guarantee, WorldPay makes international online
transactions easy, safe and reliable by offering online businesses
protection against card fraud, and shoppers peace of mind that they are
buying with confidence from WorldPay Guaranteed online stores.
WorldDirect, WorldPay`s multi-currency payment system, is integrated to
all the leading eCommerce store-building applications, including its own
Click and Build. Other WorldPay services include micro-payments e-wallet
solution WorldAccount, and repeat billing solution FuturePay.
Based in Cambridge, UK, WorldPay`s Americas center is located in
metropolitan Washington, DC, in Sterling, Virginia, USA, and its Asia
Pacific regional center is in Singapore.
WorldPay shareholders include NatWest Bank Plc, Energis Plc and PSINet
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