Investment Will Help the Payments Enablement Provider Accelerate Product Innovation and Growth -- NMI, a leading provider of payments enablement technology for ISOs, VARs, ISVs and payment facilitators, today announced a substantial investment in the company from Francisco Partners, a global technology-focused private equity fund. The majority investment will provide NMI with new capital to drive product innovation and expansion of its enablement capabilities. As part of this transaction, existing investor Bregal Sagemount will be

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Network Merchants ("NMI"), a leading provider of e-commerce payment gateways and value-added services, has added payment gateway and integrated payments veterans Roy Banks and Kyle Pexton as CEO and CFO, respectively. Banks and Pexton most recently served as CEO and CFO at Accelerated Payment Technologies ("APT"), an integrated payment service provider, and previously led Authorize.Net from startup to the leading domestic payment gateway. The team was brought in to reinforce and strengthen NMI’s position as

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Transaction values the company at close to $200 million. -- Network Merchants, LLC (d/b/a “Network Merchants Inc.,” or “NMI”), a leading provider of e-commerce payment gateways and value-added services, announced today that Bregal Sagemount has made a significant growth investment in the company. The existing management team, led by Chief Executive Officer Jim McKenzie, will continue to run the business. Network Merchants provides a comprehensive suite of gateway and security features, distributed exclusively through a

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