Levata Adds Payment Technologies with Acquisition of POSDATA

Levata, a technology solutions provider specializing in data capture and management products, announced its acquisition of POSDATA Group, a distributor and deployment partner in the enterprise payment technology industry. This acquisition will enhance Levata's capabilities in the retail and hospitality sectors by adding payment terminal distribution and encryption key injection services.

POSDATA is recognized as an authorized distributor for major payment terminal brands such as Verifone, Ingenico, Equinox, PAX, and ID TECH, and operates a certified encryption key injection facility in Louisville, Kentucky. The services offered by POSDATA include deployment and configuration, advance exchange, and remote key injection, all adhering to stringent compliance requirements that ensure customer trust and loyalty.

Daniel Nettesheim, CEO of Levata, stated, "Payment technology is a segment where compliance requirements and service complexity make the partner relationship genuinely long-term." He emphasized that POSDATA's well-established technical expertise and customer service will enable Levata to better serve clients in the retail and hospitality sectors.

JD Hupp, Chief Commercial Officer of Levata, remarked that the acquisition of POSDATA aligns with Levata’s strategy of enhancing its service offerings for enterprise customers, especially those managing extensive payment terminal fleets. By integrating payment technologies with their existing services, Levata aims to strengthen customer relationships and reduce reliance on multiple vendors.

With over $400 million invested in more than 20 acquisitions since 2014, Levata continues to expand its enterprise technology solutions platform in response to the needs of thousands of customers globally.