The Sage Group will enter the credit card and check payment-processing field with the $323 million acquisition of Verus Financial Management Inc. from Financial Technology Ventures.
Located in Nashville, Tenn., Verus specializes in payment processing for small and midsized businesses, and has a customer base of more than 100,000 merchants in the United States. The all-cash deal will be completed within the next month, subject to regulatory approvals.
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