NZX-listed merchant services company SmartPay has inked a deal to purchase the business of All Talk Communications.
All Talk sells a range of telecommunications products, including discounted toll services, ISP services, broadband connectivity and line rentals to a number of commercial enterprises including call centres and SMEs.
The acquisition will add more customers to SmartPay’s telecommunications division, the company says in a statement to the stock exchange, and assist the expansion of SmartPay’s VoIP products.
Ian Bailey, managing director of SmartPay, concedes All Talk is a small provider, but says it has a growing base of customers.
"We intend to expand on All Talk’s current supplier and customer relationships to identify which SmartPay products will fit those customers," he says.
He says All Talk is cashflow positive and profitable. Payment for All Talk will be in cash and includes a deferred settlement component.