Fortis has expanded its suite of technology solutions by acquiring payment technology company Payment Logistics. Founded in 2003, the Payment Logistics team has created partnerships with developers, software providers and resellers to overcome payment integration challenges and deliver strategies that maximize the return on investment in commerce solutions.
Payment Logistics founder, Dustin Niglio, will continue to lead the La Jolla, Calif., team as part of the Fortis team.
“We started Payment Logistics 19 years ago with a vision to provide the technology retail and hospitality businesses need for a rapidly evolving electronic payment processing industry,” Niglio said in a statement. “Fortis is growing quickly and investing in innovation, so joining the Fortis team is the logical next step toward realizing our founding vision. I look forward to working with the combined team to accelerate transformation across the market.”
The teams will work to unify the two platforms, expanding the offerings for clients and partners. As part of Fortis, the La Jolla-based team will offer payment solutions tailored to the specialty retail and hospitality markets with the Fortis’ enablement, payment facilitation and engagement engine.
“Dustin and his team are one of the most innovative groups we’ve worked with to date, and we’re excited about what we can do as a combined force,” said Fortis CEO Greg Cohen. “The amazing relationships, unparalleled technologies and creative innovations the Payment Logistics team has built are a win for all of us. This acquisition strengthens our existing tools and infrastructure at Fortis, enabling us to amplify our tech stack for software partners and extend our suite of popular integrations for businesses. Additionally, it improves our ability to enhance the merchant and customer experience with embedded payments.”