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September 14, 2021Blog Posts

FortisPay Acquires OmniFund, Enhancing Commerce Technology

FortisPay

Fortis Payment Systems, LLC (FortisPay), a payment technology leader for businesses, independent software vendors (ISVs) and developers, announced it has acquired OmniFund, whose cloud-based Payments-as-a-Platform solution is leveraged by software and enterprise resource planning ERP solutions across the country. Founded in 2005, Omni is dedicated on delivering superior commerce solutions for their software partners and business clients. The acquisition will enable FortisPay to expand its platform of offerings and capabilities while pursuing new accounts receivable and ERP initiatives. Financial terms of the acquisition were not disclosed.

“This represents an exciting expansion of our platform,” said FortisPay CEO Greg Cohen. “OmniFund has developed a full technology stack with additional commerce enablement features that will make our unified offering unmatched in our target markets. The addition of Stacy and her team to our family is exciting as they share our passion for making software partners better through technology and amazing experiences. 

Stacy Roderick, CEO of OmniFund, will join the FortisPay leadership team and her entire team will continue to execute as they are integrated into the greater organization.

FortisPay logo (PRNewsfoto/FortisPay)

Source

TSG’s Directory of U.S. Merchant Acquirers, sponsored by FIS, the most comprehensive report available on U.S. merchant acquirers, featuring over 8,500 data points on more than 325 companies; covering national leaders to regional ISOs.

The Directory includes a printable snapshot providing a quick reference guide for executives to review merchant portfolio statistics. Additionally, high growth acquirers that reported 10% or more growth in volume, transactions, or merchants from 2019-2020 are identified.

No other industry directory contains the level of detail provided, which is why it is utilized as a reference tool by major media and payments players worldwide.

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