Welcome!

Machine Learning Authors: Carmen Gonzalez, Pat Romanski, Liz McMillan, Ed Featherston, Elizabeth White

News Feed Item

Spire Payments makes bold move by acquiring Altius Plus for reinforcement of R&D and strategic positioning within Central Eastern European market

Spire Payments announced today the acquisition of Altius Plus, recognised experts in the development of payment applications, terminal management systems, loyalty schemes, ticketing solutions and client server-based architectures within the payments industry. With a client list including top Romanian Banks such BRD (Group Societe Generale) and BCR (Erste Bank Group) together with Raiffeisen Bank (Romania, Croatia, Albania, Kosovo) and Payzone (Greece, Cyprus, Romania, Poland) as well as having developed EFT and certified HOST solutions for more than 20 international banks and financial organisations worldwide, Altius Plus have significant, proven technical capabilities and an extremely high level of credibility in the sector. Apart from the significant increase in R&D capability to complement Spire’s centres of excellence in Spain, England, Scotland and China, this move will provide a springboard to exploit multiple opportunities the business is forging in Central Eastern European markets and is a perfect fit in Spire’s strategic acquisition programme.

Under the terms of the agreement, Altius Plus will become Spire Payments Eastern Europe LCC, a wholly-owned subsidiary of Spire Payments and will play a pivotal role within the business to cement its position as the third largest PoS vendor in Europe. Kazem Aminaee, CEO and President of Spire Payments, says of the move, “This acquisition is yet another decisive step in our drive to deliver our global payment strategy and to accelerate our revenue growth in the emerging markets. Following on from the launch of our new product range and the purchase of Thyron Systems in 2013, our customers can now benefit from a diverse range of payment solutions. The abilities of Altius will further leverage these solutions to offer additional value-added software application development services to cardholders, merchants and payment processors alike. As a business we are, more than ever, positioned to deliver exceptional added value to our customer base.”

Altius Plus was founded in 2006 by payment industry experts who had accumulated over a decade’s worth of experience working as part of the Hypercom Corporation team in CEE. The business has expanded significantly to form a team of specialised developers with a wealth of expertise in the payments industry. The Altius team’s main activities include the development of PoS terminal applications, such as Spire’s new SP range, loyalty and bonus schemes, terminal management systems (TESS), web-based GUIs (RCS), client server architectures, together with retail peripheral and host interfacing expertise. Of particular note is the feature-rich terminal management system utilizing web-based GUI interface, and a client server-based architecture. Spire truly believes such capabilities will be central to the payment solutions of the future.

Zdenek Bubak, Spire’s Head of Central and Eastern Europe stated, “This is a significant acquisition that considerably strengthens Spire’s technical and commercial presence in the region. In addition, Altius will become a hub to support our ever expanding network of partners and distributors in the Central Eastern European market.”

Aminaee concludes, “We are confident our payment solution portfolio, experience and vision, combined with the proven technical capabilities of our new team, will drive an industry-leading payments proposition.”

ENDS

About Spire Payments

In a world of converging technologies in which e-commerce, mobile commerce, and social networks cross over into traditional electronic payment, Spire Payments applies its thirty years of expertise to bring to market innovative, highly secure and future proof devices and solutions that promote seamless payment transactions to all end-points around a user experience that is both interactive and rewarding. Spire Payments, the fastest growing European POS solutions provider, is one of the original pioneers to develop world-class secure electronic payment solutions: from fixed, portable and mobile payment solutions to PIN pads and unattended terminals for integration with cash register systems and self-service kiosks.

Serving market segments ranging from the financial and retail to hospitality and transportation, and with offices in Spain, the UK, the Czech Republic, Dubai and Hong Kong, Spire Payments is a forward-looking alternative to traditional payment terminal suppliers.

About Altius Plus

Altius Plus has more than 30 staff members, the vast majority of whom are research and development engineers. The company’s main activities include application development and the provision of technical services to the electronic payments industry. Of particular note is the development of host systems and POS applications, including Euronet (Arksys), First Data (B24), Global Payments (B24), OpenWay Group (Way4), BPC (Smart Vista), Compass Plus, CTL and Borica Bulgaria. Current and past CEE customers in Romania include BRD (Group Societe Generale), BCR (Erste Group Bank), Unicredit Tiriac Bank, Banca Transilvania, CEC Romania and Payzone. In addition, Altius has developed and supplied applications for Raiffeisen Bank and Payzone across four different CEE markets, and in JCC, Cyprus. Specific expertise includes:

  • EFT/POS terminal applications
  • Integrated payment solutions
  • Loyalty and bonus schemes
  • Terminal management systems (TESS, RCS)
  • Standards: EMV, ISO8583, ANSI X9, Proton/Copac, Visa Paywave, MasterCard PayPass, PCI, etc.
  • Security: DES, 3DES, DUKPT, SSL, RSA
  • Protocols: SPDH, APACS 30/40, ISO variations, Visa K/D/J/M/EMEA/MDC, etc.
  • Communications: modem, ISDN, GSM/GPRS, Ethernet and Bluetooth
  • Peripheral devices (barcode readers, contactless readers, note and coin acceptors, cash registers, external and fiscal printers, PIN pads, external and cheque readers, Windows CE-based devices).

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@CloudExpo Stories
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
SYS-CON Events announced today that Progress, a global leader in application development, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Enterprises today are rapidly adopting the cloud, while continuing to retain business-critical/sensitive data inside the firewall. This is creating two separate data silos – one inside the firewall and the other outside the firewall. Cloud ISVs oft...
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...
As pervasive as cloud technology is -- and as persuasive as the arguments are for using it -- the cloud has its limits. Some companies will always have security concerns about storing data in the cloud and certain high-transaction applications will always be better suited for on-premises storage. Those statements were among the bottom-line takeaways delivered at Cloud Expo this week, a three day, bi-annual event focused on cloud technologies, adoption and associated challenges.
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in compute, storage and networking technologies, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/...
NHK, Japan Broadcasting, will feature the upcoming @ThingsExpo Silicon Valley in a special 'Internet of Things' and smart technology documentary that will be filmed on the expo floor between November 3 to 5, 2015, in Santa Clara. NHK is the sole public TV network in Japan equivalent to the BBC in the UK and the largest in Asia with many award-winning science and technology programs. Japanese TV is producing a documentary about IoT and Smart technology and will be covering @ThingsExpo Silicon Val...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
“DevOps is really about the business. The business is under pressure today, competitively in the marketplace to respond to the expectations of the customer. The business is driving IT and the problem is that IT isn't responding fast enough," explained Mark Levy, Senior Product Marketing Manager at Serena Software, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the USA and Europe, we work with a variety of customers from emerging startups to Fortune 1000 companies.
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.