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HAUPPAUGE, NY, and SCOTTSDALE, AZ, January 18, 2012 – TransFirst®, a leading provider of secure transaction processing services and payment enabling technologies, and Equinox Payments, LLC, a leading payment terminal and secure applications provider and portfolio company of The Gores Group, LLC today announced that TransFirst has completed Class A certification and will market Equinox’s high security M4230 mobile payment terminal to TransFirst’s more than 170,000 merchant and financial institution customers throughout the United States.
“Equinox Payments, the new name for Hypercom USA, has a 30-year track record of industry firsts in secure payment technologies,” said Craig Tieken, director of product for TransFirst. “We are delighted to continue our relationship with this new company and look forward to providing our merchants with a mobile product that will give them the flexibility they require to grow their businesses.”
The high-performance, PCI PED-approved M4230 features long-range GPRS with dial back-up, rigorous security, 32-bit multi-application processing and 24MB of memory that is two to three times larger than similar products to value-added merchant, processor and third-party applications.
About Equinox Payments, LLC
Equinox Payments, formerly known as Hypercom USA, headquartered in Scottsdale, Arizona, a portfolio company of The Gores Group, LLC, is a leading payment terminal manufacturer and related secure software provider. Through its commercial offices in the United States, Latvia, Manila and Australia, and a service repair facility in Mexico, Equinox’s more than 200 employees deliver secure payment terminals, applications and services to hundreds of thousands of merchants.
About The Gores Group, LLC
Founded in 1987 by Alec E. Gores, The Gores Group, LLC is a private equity firm focused on acquiring controlling interests in mature and growing businesses which can benefit from the firm's operating experience and flexible capital base. The firm combines the operational expertise and detailed due diligence capabilities of a strategic buyer with the seasoned M&A team of a traditional financial buyer. The Gores Group, LLC has become a leading investor having demonstrated over time a reliable track record of creating substantial value in its portfolio companies alongside management. Headquartered in Los Angeles, California, The Gores Group, LLC maintains offices in Boulder, Colorado and London. For more information, please visit www.gores.com.
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