Fortis Acquires Payment Logistics Expanding Its Embedded Payments Footprint & Technology Stack

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Nov 15, 2022, 09:01 ET

NOVI, Mich., Nov. 15, 2022 /PRNewswire/ -- Fortis, the leader in embedded payments for software providers, today announced the company is expanding its suite of technology solutions by acquiring Payment Logistics, an industry-leading payment technology company based in La Jolla, California. Payment Logistics not only brings dozens of embedded payments partnerships but a myriad of cutting-edge solutions and a highly experienced team to the Fortis family.

Founded in 2003 to provide reliable and secure payment technologies, Payment Logistics has a large breadth of partnerships that process a significant volume of transactions across thousands of businesses on an annual basis. The team has created partnerships with leading developers, software providers and value-added resellers (VARs) to overcome payment integration challenges and deliver strategies that maximize the return on investment in commerce solutions. Payment Logistics founder, Dustin Niglio, will continue to lead the La Jolla team as part of the Fortis family.

"We started Payment Logistics 19 years ago with a vision to provide the technology retail and hospitality businesses need for a rapidly evolving electronic payment processing industry," Niglio said. "Fortis is growing quickly and investing in innovation, so joining the Fortis team is the logical next step toward realizing our founding vision. I look forward to working with the combined team to accelerate transformation across the market."

The teams will work quickly to unify the two platforms, expanding offerings for all clients and partners while continuing to deliver the high-quality segment specific experiences that both organizations are known for, further solidifying Fortis' position as the leader in embedded payments for software providers in North America. As part of Fortis, the La Jolla based team will continue to innovate and offer payment solutions tailored to the specialty retail and hospitality markets with the power of Fortis' enablement, payment facilitation and engagement engine.

"Dustin and his team are one of the most innovative groups we've worked with to date, and we're excited about what we can do as a combined force," said Fortis CEO Greg Cohen. "The amazing relationships, unparalleled technologies and creative innovations the Payment Logistics team has built are a win for all of us. This acquisition strengthens our existing tools and infrastructure at Fortis, enabling us to amplify our tech stack for software partners and extend our suite of popular integrations for businesses. Additionally, it improves our ability to enhance the merchant and customer experience with embedded payments."

With a growing product portfolio and market reach, Fortis is quickly becoming the payment solution of choice for software companies and business leaders who want to make commerce a competitive advantage. This latest acquisition will provide all of Fortis' partners and clients with a new array of embedded payment options.

Leonis Partners, an advisory firm with expertise in guiding entrepreneur-led technology firms, served as strategic advisor to Payment Logistics for the transaction. Fortis partnered with Morgan Lewis for legal advisement.

About Fortis

Fortis is the leader in embedded payments for software providers, processing billions of dollars annually by delivering comprehensive payment solutions and commerce enablement to software partners and developers. The company's mission is to forge a holistic commerce experience, guiding businesses to reach uncharted growth and scale. As the solution of choice for the future of payments, Fortis moves commerce closer to invisible with a proprietary platform that supports and strengthens the commerce and payments capabilities of software partners. For more information, visit fortispay.com.

About Payment Logistics

Founded in 2003, Payment Logistics is a full-service payment technology company that specializes in helping middle-market companies implement and calibrate the PayOps™ framework in their business. PayOps is a business framework that leverages modern embedded payment technology to reduce friction in commerce, implement payments best practices, streamline related back-office functions, and drive digital customer engagement. Learn more about Payment Logistics at paymentlogistics.com.

Contact:
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SOURCE Fortis