Levata acquires payment distributor POSDATA Group
The transaction adds a Kentucky-based certified encryption key injection facility and multi-year recurring service relationships to the Odyssey Investment Partners-backed enterprise platform.
Takeaways
- Odyssey-backed Levata acquired POSDATA Group.
- POSDATA adds payment terminal distribution, encryption key injection and deployment capabilities.
Adding compliance-heavy payment terminal infrastructure to its enterprise platform, Odyssey Investment Partners-backed Levata has acquired POSDATA Group, a Louisville-based distributor specializing in certified encryption key injection and deployment for large-scale retail and hospitality fleets.
Enterprises deploying payment terminals require certified key injection to meet PCI compliance standards, a service that demands investment in secure facilities, processor certifications, and specialized technical staff.
POSDATA, an authorized distributor for Verifone, Ingenico, Equinox, PAX, and ID TECH, has served more than 800 enterprise customers through multi-year service relationships around advance exchange and device management.
"POSDATA is a natural extension of what Levata does for enterprise customers," said JD Hupp, Chief Commercial Officer of Levata.
Levata has deployed more than $400 million across more than 20 acquisitions since 2014.
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