Ogone SA/NV, a European service provider specializing in the processing of online payments, has received an undisclosed majority investment from Summit Partners.In conjunction with the transaction, which is expected to close by the end of May, Christian Strain, a Principal of Summit Partners, and Scott Collins, a Managing Director with Summit, will join Ogone’s board of directors.
According to Ogone CEO, Peter de Caluwe, the company “will utilize Summit’s financial experience, strategic resources and significant network to further expand Ogone’s international presence and grow our customer base”. The company delivers manual to fully integrated solutions for managing electronic payments in several domains including e-commerce, ticketing, call centers, airlines and travel in both business to consumer or business to business (purchasing cards) environments.
Founded in Brussels in 1996, Ogone has grown rapidly throughout Europe and today has offices in Belgium, the Netherlands, France, Germany, Switzerland, Austria and the United Kingdom.
Leading organizations using the company’s payment services include IKEA, Nespresso, DHL International, Thalys International, Home Shopping Service, ThomasCook, SeaFrance, Lyreco, Institut National de l’Audiovisuel, Lavazza and Hilton.
FinSMEs
17/05/2010