Web Hosting

From 1st November 2009 Secure Hosting Limited (SHL) has become a wholly owned subsidiary of Universal Payment Gateway plc (UPG).

Secure Hosting is one of the UK’s most popular internet payment service providers, servicing thousands of merchants and reseller partners. For several years SHL has been utilising the UPG network to connect to the UK acquiring bank system. Although until now UPG and SHL have traded as separate entities, the Directors of each company share the same vision and agreed that a vertical integration of the two operations was strategically the right move for both businesses.

UPG has been processing credit card payments in the UK for the last decade and has an enviable history of growth and innovation. The company has grown primarily through organic customer growth and has recently acquired businesses from cash reserves and share transactions, without the need for borrowings.

The acquisition of SHL comes 8 weeks after the acquisition of the card processing business of Payments Services Limited by UPG.

“When technology combines, we can take advantage of tighter integrated systems, realising new functionality and delivering innovative payment platforms. These are very exciting times, and there are no longer barriers to what we can deliver and where we can take our portfolio,” commented Directors, Steven Drewett and Jonathan Rodger. “The acquisition of Secure Hosting by UPG strengthens our position in the card payments market. This will allow us to take our well established payment services to a wider audience, capitalising on richer functionality and enhanced bank integrations. With this move we all look forward to raising the stakes in the card payments industry.”

After this acquisition, UPG is now regarded as the UK’s largest independently owned credit card processing business. The company works from Tamworth in Staffordshire and employs its own technical development operations and support functions from Staffordshire, with an additional sales office in London. The business offers a full range of payment services to customers of all sizes, from some of Europe’s most exciting internet entrepreneurs creating great businesses from their bedrooms, right up to some of the UK’s best know brands which serve on the High Street across the country.

Miles Carroll, Managing Director of UPG stated “Secure Hosting has successfully established a leading platform for the placement and management of internet payments. We are therefore very excited about the potential realised by merging our technologies to deliver greater benefits through our payment platforms.”

As a result of the acquisitions, the trading activities of the companies are being moved up into UPG, with immediate effect. The go to market brands will continue to be visible to the world, but the previously traded businesses will become dormant subsidiaries of UPG.

https://www.secure-server-hosting.com/pr_release.html