TAMPA, FL, Aug. 3, 2022 (GLOBE NEWSWIRE) — Real Time Technologies, Inc (RT²) is a leading enterprise provider of retail activation, point of sale (POS), business intelligence and inventory management solutions A software platform company. has completed the strategic acquisition of InComm Agent Solutions, Inc (IAS), a subsidiary of InComm Payments, an innovative global payment technology provider to the wireless industry.
IAS (formerly Qpay) was founded in 2002 and specializes in customizable payments and technology solutions. Acquired by InComm Payments in 2010, he quickly became the payment processor of choice for retailers, master agents and wireless carriers before rebranding as IAS in 2015. Retailers and Distributors, Wireless Operators, and Consumers. IAS has been elevated as a core part of RT²’s value proposition, enhancing its existing flagship POS, business intelligence and inventory management solutions to reach wireless carriers, retailers and distributors in more locations, Bringing innovation, choice and certainty to consumers.
Real-time technology (RT²)
RT² started in 2001 as a proprietary POS solution for domestic wireless retailers that sold all four US domestic carriers (AT&T, Sprint, T-Mobile and Verizon). This national multi-carrier retailer faced a unique challenge of managing all the different business rules and commission adjustments for each carrier. RT² was able to customize the underlying solution for his later flagship POS product. Fast forward to the end of 2021 and RT² has ranked him number 1,981 on Inc. magazine’s annual Inc. 5000 list.
With the addition of IAS, RT² solutions will be available in more than 13,000 wireless retail locations nationwide with $10 billion in commerce each year, making RT² the largest wireless retail management provider in the United States. Their technology solutions extend beyond the United States to Canada and Puerto Rico. The transaction positions RT² as an industry leader, providing fully integrated, real-time, software-defined solutions to thousands of wireless retailers and distributors seeking operational efficiency and customer experience advantages. Offers.
“We are thrilled and grateful to have the opportunity to bring these two important technologies together under one roof,” said Omar Azrag, CEO of RT². “This agreement will make RT² a one-stop enterprise commerce solution for carriers, retailers and distributors alike, helping them productively ignite new business. One of our commitments is to enable our customers to spend more time in their business than in their business through best-in-class real-time software solutions, and the addition of this critical fintech platform via IAS continues that commitment. takes it to a new level and we are thrilled to offer it.”
Azrag continues: RT² prides itself on having the strongest team in the industry and the IAS team is no exception. We sincerely thank InComm Payments for their trust, support and cooperation in this transaction and look forward to continuing our friendship in the future. ”
RT² founder Ali Koumaiha said:
“As we develop next-generation financial technology solutions and grow payment platforms into new industries, we are committed to building a business that will enable IAS to continue to provide quality service and expertise to wireless carriers, agents and consumers. I was looking for.Incom payment.”I appreciate the dedication of the IAS team and look forward to seeing them grow under RT2”
The terms of the transaction have not been disclosed by either party at this time and are confidential.
advisor
The third, Comma, is deal advisor and Gora LLC is RT²’s legal advisor on the transaction. Tobin Reyes, PA is his InComm Payments and InComm Agent Solutions legal counsel on this transaction.
About Real-Time Technology (RT²)
RT² offers the most flexible, leading-edge retail management solution encompassing sales, inventory management, frontline workforce management and engagement, business intelligence, and digital automation tools for the wireless space. We help Fortune 500 companies unify their customer experience and eliminate pain points across multiple retail touch points. RT² prides itself on cultivating a family culture and a dynamic work environment set up for team members to make meaningful contributions throughout the organization. For more information, please visit www.rt2.com.
About Incom Payment
InComm Payments is an innovative global payments technology provider. Leveraging dynamic technology and proven expertise, InComm Payments delivers an enhanced end-to-end payments platform and new financial technology solutions through a single integration across retail, healthcare, toll and transportation. , incentives, mobile payments and more to help your business grow in a wide range of industries. , digital currency and financial services. InComm Payments creates seamless and valuable commerce experiences around the world by providing omnichannel connectivity and alternative payment options to a growing consumer base in an increasingly digital ecosystem. With 30 years of experience, over 525,000 retail and online points of sale, 420 global patents, and a presence in over 30 countries, InComm Payments leads the payments industry from its headquarters in Atlanta, Georgia. For more information, please visit www.InCommPayments.com.
media contacts
incom payment
Anthony Popiel
Communications Manager, Corporate Marketing
E: apopiel@incomm.com
Phone: 314-592-3149
real time technology
Media contact point
E: RealtimePR@RT2.com
Phone: 813-548-3800
.
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