CSG Accelerates Diversification Strategy with Accretive Acquisition of High Growth Payment Company iCG Pay
iCG Pay has a rapidly growing merchant customer base in high recurring revenue industry verticals including financial services, insurance, utilities and government. Both CSG and iCG Pay provide market leading solutions in ACH and credit card processing such that merchants and independent software vendor (ISV) partners will benefit greatly from our combined offerings once the two platforms are fully integrated. The acquisition also adds attractive new ISV channel partnerships and a proven team of payments leaders who will help extend CSG’s leadership in the North American payments markets.
“We are extremely excited to welcome the talented iCG Pay team and the innovative merchants and ISV partners to CSG,” said
iCG Pay has historically delivered double-digit organic revenue growth with 2023 total revenue less transaction fees of approximately
1 There are additional earn-out amounts tied to performance goals.
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