Creation of a new world-class payment solution company
Introduction in less than 12 months of a new Linux-based POS line
POS terminals with the most advanced certification levels
Strategic mPOS acquisition – Thyron Payments
Strategic R&D expertise acquisition – Altius Plus
Expansion from 2 to 22 countries
3rd largest POS vendor in Europe
Debt-Free and Cash Positive
On August 4th Spire Payments celebrated its third anniversary, along with a string of unparalleled payment industry accomplishments.
Since its inception in August 2011, a result of the divestiture of the UK and Spanish entities of Hypercom Corporation, CEO and President Kazem Aminaee and his team have achieved the impossible: the creation of a new world-class payment solution company, the introduction of an entirely new line of Linux-based POS terminals, the first to be certified according to the latest PCI, EMV and Contactless Standards, and the expansion of the Spire Payment customer base into Northern Europe, Central Europe, Africa, the Middle East and Asia – all in less than 36 months. Crowning this set of incredible triumphs was the Nilson Report confirmation that in 2013 Spire Payments was the third largest POS Vendor in Europe.
As if that were not enough, Mr. Aminaee convinced his investors that the changing payment industry required external growth and the acquisition of innovative payment-related companies, so in March 2013 Spire Payments acquired Thyron Payments, a world-leading mobile payment technology provider, and in March 2014, Altius Plus, a payment software development house known for its expertise and 15+ years of payment application development.
Reflecting on how far the company had come in such a short time, Mr. Aminaee commented, “The last three years have been like riding a bullet train with no stops! In just three years we built a company, we certified, according to the latest standards, the first line of wireless to countertop Linux-based POS terminals, we grew from just 2 to now 22 markets, we made a bold entry into the mPOS market through the acquisition of Thyron Payments and we established a long term commitment to Central Europe and to innovative R&D through the acquisition of Altius and its payment experts. In my 20 years of payment industry experience, I’ve never witnessed a company perform at this level in a sector that is renowned for its slow pace and complexity. And the icing on the cake is that our financial performance has been so remarkable that we have always been cash positive and are entirely debt free!”
He added, “We’ve continually built on our successes by aggressively pursuing international expansion through both organic growth and acquisition. Our Thyron Payments mPOS acquisition allowed us to deploy India’s first chip and PIN mPOS solution in the Chennai area, promoted by Bijlipay for the Indian Overseas Bank, while in France, not only did we deploy with one of the country’s largest banks – Credit Agricole – for their national mPOS project – but our PosMate Smart was the first mPOS device ever to be certified by the GIE Cartes Bancaire. I’m also delighted that we’re working with our latest partner, Avatek, in Argentina and have just signed our first deal to supply several thousand SP line products this week. After Europe, the Middle East, India and Australia, Latin America is the next natural step for us as we continue to grow, evolve and innovate.”
With a global terminal estate now in excess of 1,000,000, of which 200,000 are from the innovative SP line and shipped in the first six months following the product launch, Aminaee firmly has his sights set on record growth over the next three years, with yet more acquisitions and new products being launched in the coming months, and is clear about his future intentions, stating “As a business we will continue to grow rapidly and deliver industry-leading payment solutions to an ever-increasing number of global customers. But more than that, we will continue to invest heavily in new technologies and key acquisitions to ensure that we are best placed to deliver on our promises to our partners and our customers.”
To view the full story please click here
Creation of a new world-class payment solution company
Introduction in less than 12 months of a new Linux-based POS line
POS terminals with the most advanced certification levels
Strategic mPOS acquisition – Thyron Payments
Strategic R&D expertise acquisition – Altius Plus
Expansion from 2 to 22 countries
3rd largest POS vendor in Europe
Debt-Free and Cash Positive
On August 4th Spire Payments celebrated its third anniversary, along with a string of unparalleled payment industry accomplishments.
Since its inception in August 2011, a result of the divestiture of the UK and Spanish entities of Hypercom Corporation, CEO and President Kazem Aminaee and his team have achieved the impossible: the creation of a new world-class payment solution company, the introduction of an entirely new line of Linux-based POS terminals, the first to be certified according to the latest PCI, EMV and Contactless Standards, and the expansion of the Spire Payment customer base into Northern Europe, Central Europe, Africa, the Middle East and Asia – all in less than 36 months. Crowning this set of incredible triumphs was the Nilson Report confirmation that in 2013 Spire Payments was the third largest POS Vendor in Europe.
As if that were not enough, Mr. Aminaee convinced his investors that the changing payment industry required external growth and the acquisition of innovative payment-related companies, so in March 2013 Spire Payments acquired Thyron Payments, a world-leading mobile payment technology provider, and in March 2014, Altius Plus, a payment software development house known for its expertise and 15+ years of payment application development.
Reflecting on how far the company had come in such a short time, Mr. Aminaee commented, “The last three years have been like riding a bullet train with no stops! In just three years we built a company, we certified, according to the latest standards, the first line of wireless to countertop Linux-based POS terminals, we grew from just 2 to now 22 markets, we made a bold entry into the mPOS market through the acquisition of Thyron Payments and we established a long term commitment to Central Europe and to innovative R&D through the acquisition of Altius and its payment experts. In my 20 years of payment industry experience, I’ve never witnessed a company perform at this level in a sector that is renowned for its slow pace and complexity. And the icing on the cake is that our financial performance has been so remarkable that we have always been cash positive and are entirely debt free!”
He added, “We’ve continually built on our successes by aggressively pursuing international expansion through both organic growth and acquisition. Our Thyron Payments mPOS acquisition allowed us to deploy India’s first chip and PIN mPOS solution in the Chennai area, promoted by Bijlipay for the Indian Overseas Bank, while in France, not only did we deploy with one of the country’s largest banks – Credit Agricole – for their national mPOS project – but our PosMate Smart was the first mPOS device ever to be certified by the GIE Cartes Bancaire. I’m also delighted that we’re working with our latest partner, Avatek, in Argentina and have just signed our first deal to supply several thousand SP line products this week. After Europe, the Middle East, India and Australia, Latin America is the next natural step for us as we continue to grow, evolve and innovate.”
With a global terminal estate now in excess of 1,000,000, of which 200,000 are from the innovative SP line and shipped in the first six months following the product launch, Aminaee firmly has his sights set on record growth over the next three years, with yet more acquisitions and new products being launched in the coming months, and is clear about his future intentions, stating “As a business we will continue to grow rapidly and deliver industry-leading payment solutions to an ever-increasing number of global customers. But more than that, we will continue to invest heavily in new technologies and key acquisitions to ensure that we are best placed to deliver on our promises to our partners and our customers.”
To view the full story please click here
Creation of a new world-class payment solution company
Introduction in less than 12 months of a new Linux-based POS line
POS terminals with the most advanced certification levels
Strategic mPOS acquisition – Thyron Payments
Strategic R&D expertise acquisition – Altius Plus
Expansion from 2 to 22 countries
3rd largest POS vendor in Europe
Debt-Free and Cash Positive
On August 4th Spire Payments celebrated its third anniversary, along with a string of unparalleled payment industry accomplishments.
Since its inception in August 2011, a result of the divestiture of the UK and Spanish entities of Hypercom Corporation, CEO and President Kazem Aminaee and his team have achieved the impossible: the creation of a new world-class payment solution company, the introduction of an entirely new line of Linux-based POS terminals, the first to be certified according to the latest PCI, EMV and Contactless Standards, and the expansion of the Spire Payment customer base into Northern Europe, Central Europe, Africa, the Middle East and Asia – all in less than 36 months. Crowning this set of incredible triumphs was the Nilson Report confirmation that in 2013 Spire Payments was the third largest POS Vendor in Europe.
As if that were not enough, Mr. Aminaee convinced his investors that the changing payment industry required external growth and the acquisition of innovative payment-related companies, so in March 2013 Spire Payments acquired Thyron Payments, a world-leading mobile payment technology provider, and in March 2014, Altius Plus, a payment software development house known for its expertise and 15+ years of payment application development.
Reflecting on how far the company had come in such a short time, Mr. Aminaee commented, “The last three years have been like riding a bullet train with no stops! In just three years we built a company, we certified, according to the latest standards, the first line of wireless to countertop Linux-based POS terminals, we grew from just 2 to now 22 markets, we made a bold entry into the mPOS market through the acquisition of Thyron Payments and we established a long term commitment to Central Europe and to innovative R&D through the acquisition of Altius and its payment experts. In my 20 years of payment industry experience, I’ve never witnessed a company perform at this level in a sector that is renowned for its slow pace and complexity. And the icing on the cake is that our financial performance has been so remarkable that we have always been cash positive and are entirely debt free!”
He added, “We’ve continually built on our successes by aggressively pursuing international expansion through both organic growth and acquisition. Our Thyron Payments mPOS acquisition allowed us to deploy India’s first chip and PIN mPOS solution in the Chennai area, promoted by Bijlipay for the Indian Overseas Bank, while in France, not only did we deploy with one of the country’s largest banks – Credit Agricole – for their national mPOS project – but our PosMate Smart was the first mPOS device ever to be certified by the GIE Cartes Bancaire. I’m also delighted that we’re working with our latest partner, Avatek, in Argentina and have just signed our first deal to supply several thousand SP line products this week. After Europe, the Middle East, India and Australia, Latin America is the next natural step for us as we continue to grow, evolve and innovate.”
With a global terminal estate now in excess of 1,000,000, of which 200,000 are from the innovative SP line and shipped in the first six months following the product launch, Aminaee firmly has his sights set on record growth over the next three years, with yet more acquisitions and new products being launched in the coming months, and is clear about his future intentions, stating “As a business we will continue to grow rapidly and deliver industry-leading payment solutions to an ever-increasing number of global customers. But more than that, we will continue to invest heavily in new technologies and key acquisitions to ensure that we are best placed to deliver on our promises to our partners and our customers.”
To view the full story please click here