Lighthouse Network, a leader in point-of-sale and payments technology, has acquired Shift4 Corporation, the largest independent payment gateway in North America. As part of this deal, both Shift4 Corporation and Lighthouse Network will rebrand as Shift4 Payments.
Jared Isaacman, CEO of Shift4 Payments (formerly Lighthouse Network), states, “This acquisition is transformational for our organization as it enables us to power our industry-leading POS brands with a best-in-class payments platform that is second to none in terms of security, reliability and functionality. But this story is not just about our Harbortouch, Future POS, Restaurant Manager and POSitouch brands, as we also aim to empower the over 300 existing Shift4 software integrations with game-changing benefits. Shift4 is truly in a class of its own when it comes to secure payment processing, and as such, rebranding Lighthouse Network as Shift4 Payments reflects our commitment to powering all the leading software brands with premium payment processing services.”
Shift4 President & CTO J.D. Oder II adds, “This acquisition combines the strengths of two significant and well-established organizations with complementary capabilities, fulfilling the notion that ‘one plus one’ can equal a much larger number than the math implies. Shift4’s merchants and ISV partners for years have asked for more than just an outstanding gateway solution, but the full spectrum of payment processing services. We can now meet that need and so much more.”
Shift4 Payments is the leader in secure payment processing solutions, powering the top point-of-sale and software providers across numerous verticals, including Food & Beverage, Hospitality, Lodging, Gaming, Retail and e-Commerce. This includes the company’s Harbortouch, Restaurant Manager, POSitouch, and Future POS brands, as well as over 300 additional software integrations in virtually every industry. With eight offices across the U.S. and Europe, 7,000 sales partners and three state-of-the-art data centers, the company securely processes over 1 billion transactions annually for nearly 200,000 businesses, representing over $100 billion in payments each year.
Rebranding the entire organization as Shift4 Payments reflects the commitment to powering all the leading software brands with premium payment processing services.
For more information, visit www.shift4.com/announcement.