Private equity firm Lovell Minnick Partners has made an investment in payments technology and merchant services company Fortis Payment Systems.
The companies did not divulge the financial details of the investment.
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Founded in 2010, Fortis Payment delivers payment technology and processing services to merchants and developers in North America.
The company offers Zeamster payments platform to support integrated commerce experiences for point-of-sale software and ERP providers. It also offers payments and financial technology solutions for businesses.
Fortis caters to numerous developers, software providers, channel partners and merchants. It operates across retail, medical, hospitality, restaurant and grocery industries, among others.
Lovell Minnick partner Trevor Rich said: “Fortis has developed a highly configurable, powerful payments platform with industry-leading technical and security capabilities, supported by superior high touch service.
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By GlobalData“We look forward to supporting CEO Jimmy Nafso and his highly talented team to identify new solutions and channel partners.”
Nafso said: “With Lovell Minnick’s support we will be able to accelerate Fortis’ expansion into additional markets and continue innovating best-in-class payments solutions that meet the evolving needs of our customers.
“With Lovell Minnick as our new partner, our clients should remain assured that we will continue to provide ‘white glove’ customer service and innovative technology, which have been core to our value proposition since inception.”
Rich and Greg Cohen from Lovell Minnick will be appointed to Fortis Payment’s board.
