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Summit Partners acquires majority stake in e-payment services firm Ogone

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[Belgium] Ogone, a European electronic payments service provider, has received an undisclosed majority investment from US-based growth equity firm Summit Partners.

In conjunction with the transaction, which is expected to close by the end of this month, Christian Strain, a Principal of Summit Partners, and Scott Collins, a Managing Director with Summit, will join Ogone’s board of directors.

According to Ogone CEO, Peter de Caluwe, the company “will utilize Summit’s financial experience, strategic resources and significant network to further expand Ogone’s international presence and grow our customer base”. Ogone will remain an independent company under the wings of Summit Partners, which boasts companies like Vente-Privée, iPayment, Wildfire Interactive and Globe Wireless in its portfolio.

Ogone provides manual to fully integrated solutions for managing electronic payments in several domains including e-commerce, ticketing, call centers, airlines and travel in both business to consumer or business to business (purchasing cards) environments.

Founded in Brussels in 1996, Ogone has grown rapidly throughout Europe and today has offices in Belgium, the Netherlands, France, Germany, Switzerland, Austria and the United Kingdom.

Its online payment platform solution extends across 35 countries and provides payment processing services to more than 20,000 merchants. The company has a network of more than 150 bank and acquirer connections, and offers in excess of 40 payment methods.

Customers include IKEA, Nespresso, DHL International, Thalys, ThomasCook and Hilton.

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