Global Payments Inc. acquires Zego to expand into real estate with an established resident experience platform
Global Payments plans to further enhance Zego’s resident experience platform that allows property managers to engage with residents more effectively and efficiently through the use of technology.
Today marks a monumental moment in Zego (Powered by PayLease) history as we embark on our next exciting chapter. Zego has officially been acquired by Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions. This transaction extends Global Payments’ leadership in software into the real estate vertical.
“We are delighted to expand our software and digital commerce portfolio with the addition of Zego, a real estate technology company that modernizes the resident experience with a comprehensive property management software platform,” said Cameron Bready, Global Payments President and Chief Operating Officer.
Why Global Payments Inc. is the perfect home for Zego
Global Payments has a worldwide reach spanning over 100 countries throughout North America, Europe, Asia Pacific and Latin America. It was also recently announced that Global Payments landed on the Fortune 500 list for the first time. “It’s a milestone we celebrate with our team members, customers, and partners worldwide. We’re building the future of commerce—together.” @GlobalPayInc, Twitter.
This achievement is a result of their dedication to, and passion for continual innovation. At Zego, we are thrilled to partner with a powerhouse team that shares our goal of providing innovative software that enables seamless property management and best-in-class resident experiences. Global Payments is committed to evolving with the residential landscape so we can further align our solutions with our clients’ most demanding challenges.
The team at Global Payments shares our corporate values of teamwork, customer focus, learning, and growth. This unity will further enhance our ability to free management companies and community associations to go above and beyond for their residents.
Why Zego is the perfect addition to the Global Payments portfolio
Global Payments not only recognizes the market opportunity and growth potential within the real estate industry, but also recognizes Zego as an established, major player on the forefront of property technology. “This acquisition aligns perfectly with Global Payments’ strategy by enhancing our position at the convergence of software and payments in one of the largest and most attractive vertical markets worldwide, where digital commerce and omni-channel trends are rapidly accelerating,” commented Bready.
The Global Payments team understands the importance of developing technologies that allow property managers to better engage with residents by providing frictionless touchpoints, especially in their area of expertise – contactless payments. As a market leader in the real estate space for over 18 years with a fully built-out, mobile-centric resident engagement platform, Zego provides the perfect opportunity for Global Payments to achieve their goal of expanding into this vertical.
What does this acquisition mean for current Zego customers?
While this acquisition marks the start of a great new chapter in the Zego journey, there will be no immediate impacts on our current customers or residents. You can expect the same level of service and innovation as we move forward.
By leveraging Global Payments’ global presence, we are delighted to explore the possibility of international expansion. With this acquisition, Global Payments plans to drive more value-added services and capabilities that allow property management companies to run their businesses more efficiently, grow their portfolios, and improve resident satisfaction. We are excited to join the Global Payments family, as we continue to elevate the resident experience.