Ambos NBGO has assisted Clear2Pay (www.clear2pay.com) in the preparation, negotiation and closing of the purchase of ISTS, Inc. (www.istsinc.com), a US-Indian end to end technology services provider to the Retail & Payment Industry.  A publication of De Tijd, of which you can find a copy  here, contains further details on  Clear2Pay and this transaction.

Clear2Pay is an innovative payments technology company, headquartered in Mechelen (Belgium), and focuses on delivering globally applicable solutions for secure, timely and streamlined payments processing.

Following our assistance in the successful completion of the recent acquisitions of J-Ware, Lexcel and Level Four, this is Clear2Pay’s third acquisition of 2011, which allows Clear2Pay to further strengthen its market position.

Any information included in this news flash is communicated with the consent and approval of all parties involved.

For further information about this transaction, please contact David Dessers or Pieter Capiau.