Ruesch International Acquires Trancentrix
Merged Company to Deliver Industry-Defining Global Payment Solutions
Washington, DC — November 8, 2005 — Ruesch International, Inc., a leading provider of international payment services headquartered in Washington, DC, today announced completion of its agreement to acquire Omaha, Nebraska-based Trancentrix, Inc., an innovative domestic and international payment services company. The combined company will be named Ruesch International.
Ruesch is one of the largest non-bank international payment providers, with $8 billion in cross-border transactions delivered in the past year. Trancentrix specializes in the implementation and delivery of innovative and cost-effective domestic and international payment solutions. The combined company will provide a powerful solution for handling the domestic and international payment needs of businesses—large and small. Together, the two companies deliver a broad range of business-to-business payment solutions which include check to ACH conversion services, payment system consolidation solutions, and global risk management. Ruesch expects to significantly increase market share in the domestic and international payment processing area, particularly in the Fortune 1000 segment.
"Today's businesses require the efficiency of a single payment solution which can process domestic and international payments saving the client time and money." said Thomas Staudt, Chief Executive Officer of Ruesch International . "By bringing together the extensive resources, payment solution technologies and market expertise of these two companies, Ruesch has the ability to offer a unique integrated global payments solution."
"Trancentrix and Ruesch International share a common and enthusiastic vision of the payments industry," said Darren Blakely, Chief Executive Officer of Trancentrix. "Our combined company will be an industry-defining leader of domestic and international payment solutions and global risk management services built around leading-edge technologies, customized solutions and market expertise. By joining with Ruesch, we will be able to more rapidly expand and enhance the market leading payment solutions that our clients have come to rely on to process all of their payments efficiently."
About Ruesch International
Ruesch International is a leading global financial institution specializing in international business-to-business payment products and solutions. The corporation has full-service corporate foreign exchange operations in the Czech Republic, the United Kingdom, Switzerland, and the United States that have served more than 30,000 corporate clients. Each year, Ruesch's international payment consultants develop risk management strategies and global payment solutions that help clients manage nearly $8.0 billion in cross-border transactions worldwide. For more information, visit www.ruesch.com. Ruesch International is principally owned by the private equity firm of Welsh, Carson, Anderson & Stowe.
About Trancentrix
Trancentrix is a leading provider of bank-independent solutions for streamlining and reducing costs associated with the corporate payments process. Thousands of leading organizations around the world, including more than 125 of the Fortune 1000, benefit from Trancentrix solutions in transforming their corporate payments process into a strategic advantage.