Over the past ten years, the team
at TRANSAX Gateway has worked tirelessly to provide our
partners with the best payment tools possible. We know that if
you are successful, then we are successful. In writing you
today, we first want to thank you for your loyal partnership.
It has truly been a pleasure working with you and we can’t wait
for what we achieve next together.
To that end, we at TRANSAX have
some very exciting news to share. As we thought about what was
next for us as a company, we wanted to continue to grow our
platform and the number of merchants you are able to serve. For
that reason, we explored a strategic relationship that would
position TRANSAX for both of our futures.
Today, we are pleased to announce
TRANSAX has been acquired by Pineapple Payments, a leading
payment processing technology company based in Pittsburgh,
Pennsylvania. Led by payments industry veteran Brian Shanahan
and backed by Providence Strategic Growth, Pineapple brings a
wealth of payments experience and significant access to capital
that will allow us to reach our full potential. More
specifically, as a part of Pineapple, we plan to invest heavily
into our platform to enhance its scalability, feature set, and
overall experience for both you as a partner and for your merchants.
We have aggressive plans to further developer omni-channel
solutions that will enable both resellers and integrated
partners to take your businesses to new heights.
We are excited about working with
the Pineapple team and we hope you will take the chance to get
to know them in coming months. CEO Brian Shanahan leads
Pineapple with nearly thirty years of payments experience, most
notably as the founder and CEO of CardConnect. President Jon
Halpern and Executive Vice President Brian Gross lead sales,
operations, and technology for Pineapple, with great experience
in the SaaS world with their integrated software and payments
platform AthleteTrax. They are thrilled to have you on board as
their partners, too, and are already dedicating additional resources
and capital to make sure we only go upwards from here.
So, what does this mean for you?
In the coming months, we will be working to visit with each of
you to better understand how we can better serve as your
trusted payment gateway provider. Otherwise, we will operate
business as usual, only with more support for both yourselves
and the technology that you rely on.
Our biggest factor in choosing to
partner with Pineapple was their dedication to keeping TRANSAX
a truly omni-processing payment platform. We want to assure you
that this new evolution of our business will only help your
business grow with us. We look forward to connecting with you
soon and sharing more details about our plans for the future.
If you have any concerns, whatever they might be, please reach
out to us!
TRANSAX is proud to be an exhibitor at TRANSACT18 in Las Vegas April 17th through April 19th. Swing by BOOTH 225 and see what we have in store for 2018 and beyond. For individual meetings with TRANSAX leadership, please call 866-513-1547 to setup an appointment. See you there.