Sysnet Global Solutions Acquires Panoptic Security, Inc.
Poster: SySAdmin
Posted on November 15, 2012 at 9:35:01 AM
Sysnet Global Solutions Acquires Panoptic Security, Inc.
DUBLIN, ATLANTA and SALT LAKE CITY, November 15, 2012 /PRNewswire/ --
Sysnet Global Solutions, a leading provider of payment card industry compliance
services, specializing in PCI DSS compliance validation and merchant intelligence
solutions, announced today that it has acquired Panoptic Security, Inc., the U.S. based
provider of PCI DSS compliance validation services to small and mid-size merchants, ISOs,
acquiring banks and credit card processors. PCI DSS (Payment Card Industry Data Security
Standard) is a set of comprehensive requirements developed by the founding payment brands
of the PCI Security Council, American Express, Discover Financial Services, JCB
International, MasterCard Worldwide, and Visa Inc., for enhancing the security of payment
account data, transactions and payment systems.
The acquisition of Panoptic, based in Salt Lake City, by Sysnet consolidates Sysnet's
rapidly growing presence and reputation in the U.S. market.
"The combined strengths of Sysnet and Panoptic will help accelerate our plans in the
United States and importantly, will provide our U.S. and international clients with a more
diverse, and complementary range of client-focused products and services," said Gabriel
Moynagh, CEO of Sysnet. "We also believe the acquisition will result in greater
efficiencies and significantly increase our market share."
"With Sysnet and Panoptic joining forces, it allows the combined group the opportunity
to offer a larger global footprint and a broader product and service offering. Our clients
will continue to receive the same high quality products, services and innovation they have
come to expect from both Sysnet and Panoptic," said Matt Hoffman, CEO of Panoptic. "In the
past, both organizations have proven that they build products differently and, as a
result, superior to the competition. Now as one, we will only further our ability to serve
the industry beyond expectations."
"We are delighted to team up with the talented and ambitious team at Panoptic as we
were attracted to their client-focused and solution-driven culture - great attributes of
our own team here at Sysnet," added Gabriel.
About Sysnet Global Solutions
Established in 1989, Sysnet Global Solutions provides payment card industry compliance
services, specializing in PCI DSS compliance validation and merchant intelligence
solutions. Sysnet offers a range of services, including its proprietary web based
compliance management and merchant intelligence solution SysnetAIRTM, to a wide variety of
businesses including acquirers, ISOs, international banks, payment service providers and
merchants.
SysnetAIRTM is a fully white-labeled merchant intelligence solution that centers
around the compliance process, enabling acquiring organizations to build strong
relationships with their merchants through sustained and meaningful interaction.
SysnetAIRTM provides the acquirer with the means to know and understand their customers'
requirements and needs, which improves merchant loyalty and reduces merchant attrition.
Sysnet has more than 20 years' experience in multiple IT environments and its expert
engineering and consulting teams are certified to the highest standards. Headquartered in
Dublin, Ireland, Sysnet has clients in more than 35 countries worldwide and has been
operating and providing services to clients in the United States since 2009. Earlier this
year, SysnetAIRTM received two of the three awards (Jury Vote and Best Product Pitch) at
the Florin Awards in Europe. The Florin Awards were created to stimulate and reward
innovation in the transaction service industry.
For more information, please visit http://www.sysnetglobalsolutions.com.
About Panoptic Security, Inc.
Panoptic Security, Inc., headquartered in Salt Lake City, is a U.S. based provider of
PCI DSS compliance validation software and services for small and mid-size merchants,
ISOs, acquiring banks and credit card processors.
ExpertPCI, Panoptic's flagship SaaS product, is specifically designed to simplify and
shorten the process for small and mid-sized merchants to achieve PCI compliance. Through
the use of pre-populated questionnaires created from algorithms based on a merchant's
credit card environment, Panoptic has shown to cut the number of required responses by
nearly half. Additionally, an intuitive user interface, integrated PCI scanning solution,
and numerous channels a merchant can use to seek help provides users with all they need to
validate their PCI compliance while seamlessly guiding them through the online software.
ExpertPCI recently received the 2012 Global Excellence Award for the third year in a row
from Info Security Products Guide, the industry's leading information security research
and advisory guide.
For more information, please visit http://www.panopticsecurity.com.
Sysnet Global Solutions
CONTACT: Media Contacts: Sandra Higgins, Sysnet Global Solutions: sandra.higgins@sysnetglobalsolutions.com, +353-(0)1-4951-300; Molly Lynch, Lynch Communications Group, LLC: molly@lynchgrouponline.com, +1-773-505-9719.
DUBLIN, ATLANTA and SALT LAKE CITY, November 15, 2012 /PRNewswire/ --
Sysnet Global Solutions, a leading provider of payment card industry compliance
services, specializing in PCI DSS compliance validation and merchant intelligence
solutions, announced today that it has acquired Panoptic Security, Inc., the U.S. based
provider of PCI DSS compliance validation services to small and mid-size merchants, ISOs,
acquiring banks and credit card processors. PCI DSS (Payment Card Industry Data Security
Standard) is a set of comprehensive requirements developed by the founding payment brands
of the PCI Security Council, American Express, Discover Financial Services, JCB
International, MasterCard Worldwide, and Visa Inc., for enhancing the security of payment
account data, transactions and payment systems.
The acquisition of Panoptic, based in Salt Lake City, by Sysnet consolidates Sysnet's
rapidly growing presence and reputation in the U.S. market.
"The combined strengths of Sysnet and Panoptic will help accelerate our plans in the
United States and importantly, will provide our U.S. and international clients with a more
diverse, and complementary range of client-focused products and services," said Gabriel
Moynagh, CEO of Sysnet. "We also believe the acquisition will result in greater
efficiencies and significantly increase our market share."
"With Sysnet and Panoptic joining forces, it allows the combined group the opportunity
to offer a larger global footprint and a broader product and service offering. Our clients
will continue to receive the same high quality products, services and innovation they have
come to expect from both Sysnet and Panoptic," said Matt Hoffman, CEO of Panoptic. "In the
past, both organizations have proven that they build products differently and, as a
result, superior to the competition. Now as one, we will only further our ability to serve
the industry beyond expectations."
"We are delighted to team up with the talented and ambitious team at Panoptic as we
were attracted to their client-focused and solution-driven culture - great attributes of
our own team here at Sysnet," added Gabriel.
About Sysnet Global Solutions
Established in 1989, Sysnet Global Solutions provides payment card industry compliance
services, specializing in PCI DSS compliance validation and merchant intelligence
solutions. Sysnet offers a range of services, including its proprietary web based
compliance management and merchant intelligence solution SysnetAIRTM, to a wide variety of
businesses including acquirers, ISOs, international banks, payment service providers and
merchants.
SysnetAIRTM is a fully white-labeled merchant intelligence solution that centers
around the compliance process, enabling acquiring organizations to build strong
relationships with their merchants through sustained and meaningful interaction.
SysnetAIRTM provides the acquirer with the means to know and understand their customers'
requirements and needs, which improves merchant loyalty and reduces merchant attrition.
Sysnet has more than 20 years' experience in multiple IT environments and its expert
engineering and consulting teams are certified to the highest standards. Headquartered in
Dublin, Ireland, Sysnet has clients in more than 35 countries worldwide and has been
operating and providing services to clients in the United States since 2009. Earlier this
year, SysnetAIRTM received two of the three awards (Jury Vote and Best Product Pitch) at
the Florin Awards in Europe. The Florin Awards were created to stimulate and reward
innovation in the transaction service industry.
For more information, please visit http://www.sysnetglobalsolutions.com.
About Panoptic Security, Inc.
Panoptic Security, Inc., headquartered in Salt Lake City, is a U.S. based provider of
PCI DSS compliance validation software and services for small and mid-size merchants,
ISOs, acquiring banks and credit card processors.
ExpertPCI, Panoptic's flagship SaaS product, is specifically designed to simplify and
shorten the process for small and mid-sized merchants to achieve PCI compliance. Through
the use of pre-populated questionnaires created from algorithms based on a merchant's
credit card environment, Panoptic has shown to cut the number of required responses by
nearly half. Additionally, an intuitive user interface, integrated PCI scanning solution,
and numerous channels a merchant can use to seek help provides users with all they need to
validate their PCI compliance while seamlessly guiding them through the online software.
ExpertPCI recently received the 2012 Global Excellence Award for the third year in a row
from Info Security Products Guide, the industry's leading information security research
and advisory guide.
For more information, please visit http://www.panopticsecurity.com.
Sysnet Global Solutions
CONTACT: Media Contacts: Sandra Higgins, Sysnet Global Solutions: sandra.higgins@sysnetglobalsolutions.com, +353-(0)1-4951-300; Molly Lynch, Lynch Communications Group, LLC: molly@lynchgrouponline.com, +1-773-505-9719.