Anovia Payments, an Irving, Texas-based innovative payments solutions provider for small and medium-sized businesses across a range of end-markets, received an investment from Waud Capital Partners, a growth-oriented middle market private equity firm.
The amount of the deal was not disclosed.
Anovia Payments will join the Sphere Payments platform, which was recently formed by Waud Capital in partnership with Andrew Rueff, an experienced financial technology executive.
The Sphere Payments platform will offer clients end-to-end integrated payments and security software capabilities serving a diverse set of clients ranging from the largest and most complex enterprise customers to small local businesses.
Founded in 2013 and led by Kevin Jones, Anovia Payments provides a suite of payment processing and merchant relationship management solutions including financial reporting and tracking capabilities.
The company has operations in the US, Canada, and Australia. At closing, Mr. Jones and other key executives of Anovia Payments will maintain leadership positions at the company and will participate in ownership through Sphere Payments.