Roseville, CA (PRWEB) July 21, 2011 — Intrix Technology, Inc. (Intrix), a highly
capitalized technology provider in the electronic payment processing marketplace,
announced today that it has acquired all of the assets of Epic Processing, Ltd., a
Colorado based provider of transaction processing services to over 2000
merchant clients.
Jeff Connors, Chairman and CEO at Intrix said, “We are pleased to announce our
first acquisition in the payment arena and the overall expansion of the product set
that Intrix offers its clients.” Connors added, “Strategically, customers require the
availability of a broader product set and prefer to see that offering within its
existing suppliers. The synergies between the two companies are immediate and
we are confident that Epic’s management team will complement ours in further
building a customer focused company in the payments sector.”
As a result of the merger, Epic’s current CEO and co-founder, Ryan O’Connor will
become the President of Intrix’s new merchant acquiring division, Intrix Payment
Solutions and co-founder Stephanie O’Connor will continue as Vice President of
Business Development for Intrix Payment Solutions.
“We are very excited about partnering with Intrix to deliver a more robust and
comprehensive offering to our customers. Our goals of growing a company
through strategic acquisitions and organic growth are aligned, and we look forward
to a long-term partnership with Intrix,” said Ryan O’Connor, President of Epic
Processing.”