EVO was founded in 1989 as an individually owned, independent sales organization. The emphasis on sales at EVO’s inception remains evident through EVO’s continued focus on maintaining industry leading products and services. An effective sales strategy, in EVO’s view, is grounded on establishing a reputation for best-in-class products and services and justifies EVO’s ongoing commitment to innovation.
Over the years, EVO’s growth has accelerated as it established or invested in new sales partnerships, distribution channels, and product offerings. As EVO expanded its distribution capabilities and grew its portfolio of merchant relationships, EVO invested considerably in providing support services to our sales partners and leveraging our capabilities to drive continued growth. EVO sought to automate key functions of the acquiring process, including onboarding of new merchants and various risk monitoring functions.
EVO Payments International began its push for international expansion in late 2012 with the announced acquisitions of Deutsche Card Services, formally a wholly owned subsidiary of Deutsche Bank, and a controlling interest in Banco Popular’s merchant acquiring business in Spain. These two transactions allow EVO to operate as a payments institution and a principal member of VISA and MasterCard in 46 worldwide markets. At the same time, EVO bolstered its presence in the e-commerce space with its acquisition of PowerPay, a premier provider of integrated e-commerce and point-of-sale (POS) payment processing solutions. At the end of 2012, EVO partnered with Madison Dearborn Partners to fund the company’s continued international expansion and additional growth initiatives.