The former CEO of VeriFone has landed $500 million of capital from GTCR to roll up FinTech ventures into “a leading, global financial technology company.”
GTCR is a private equity firm founded in 1980.
Douglas G. Bergeron will head up the newly formed Opus Global Holdings LLC with the directive of “pursuing companies across certain segments of the finance technology industry.”
Opus sees the following market factors driving its acquisition strategy:
The existing financial technology and payments ecosystems are rapidly evolving, but remain highly fragmented with limited interoperability and little opportunity to leverage enterprise-wide data.
Opus says it will attempt to consolidate and globalize best-in-breed products for worldwide deployment while leveraging data across applications and develop a worldwide distribution network of partners, distributors and employees.
Opus offered no timetable for deploying the $500 million.