Over the past decade, the transaction processing services industry has experienced significant growth. This growth has been stimulated by a number of factors including decreasing communications costs, growing computer processing power, increasing adoption of outsourced processing solutions, emerging new payment methods, and a changing legislative and regulatory environment. Transaction processing business models vary, but often services are provided to customers through an outsourced software and data processing infrastructure and paid for on a "per click" or per transaction basis. Companies in this sector typically benefit from recurring revenues, scale economies, low capital intensity and significant acquisition synergy opportunities.

“We believe that there are numerous attractive, high-growth segments within the transaction processing universe.”

Collin E. Roche, Principal

Since inception, GTCR's team of investment professionals has made over 20 transaction processing and payments related investments. GTCR focuses on identifying and partnering with executives with a proven track record of successfully building leading transaction processing companies in a variety of transaction processing sectors.

Many transaction processing companies operate in the financial services arena, including payments, securities, insurance and niche financial services. Sectors of focus for GTCR include payment processing, e.g., insurance policies and payments; loan processing; payroll and human resources; healthcare-related transactions; securities processing; and telecommunications transaction processing. Increasingly, we see companies leveraging the Internet infrastructure to facilitate the delivery of e-commerce related services.

Select recent investments include: VeriFone (NYSE: PAY), a leading provider of secure electronic payment solutions for financial institutions, merchants and consumers; Retriever Payment Systems, a provider of credit card processing and other point-of-sale payment related services to small and medium sized merchants; Syniverse Technologies (NYSE: SVR), a leading provider of wireless technology services; and BNY ConvergEx, a provider of equity execution services and technology