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SAGE BUYS MERCHANT PORTFOLIO

Sage Payment Solutions has acquired what it described as a “small portfolio of merchant customers processing on third-party platforms from Heartland Payment Systems.” The acquisition was the fifth of its type in the last 12 months. There was no definition of what “small” meant in terms of the number of customers or the type of customers and terms were not disclosed. However, the announcement said the unit is focusing on “strategic growth through acquisitions of targeted portfolios.”

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