Innovative payment technology company adds merchant services to provide a more comprehensive "omni-channel" offering to clients.
5th Dimension Logistics (5thDL), a global leader in the payment software industry, announced today the successful completion of the acquisition of Superior Financial Service (SFS), a merchant services provider. After completion of this acquisition, the newly formed corporation will be named Sparrow, symbolizing the company’s perseverance, integrity and efficiency.
Sparrow aims to leverage both companies’ decades of experience and pioneering instincts. The combined entity will couple 5thDL’s cloud-based payment gateway software, military-grade security, and user-friendly interface with SFS’ highly transparent, advanced merchants/processor matching capabilities.
“Combining a merchant services offering with our disruptive technology takes our ability to provide a more comprehensive ‘omni-channel’ payment solution to a whole new level,” said Matanda Doss, former CEO of 5thDL and current CEO of Sparrow. “Both companies have existed to provide innovative leadership and superior service to our clients. This acquisition is an investment to continue on that path.”
“We couldn’t be more excited to build on the synergies between our companies, and the best part of all is that our clients stand to gain the most from the acquisition,” said Rob Johnson, former President of SFS and new President of Sparrow. “We will provide seamless merchant account services, technology, and support all under one roof and brand," he added.
Sparrow is the leading payment solutions provider that delivers state of the art tools and services to merchants, ISOs, and ISVs. Sparrow combines product innovation with superior levels of service that result in increased operational efficiency, the creation of new revenue streams, and growth for its clients. Those clients range from multi-billion dollar enterprises to start up companies. Sparrow is located in Scottsdale, AZ. Learn more at SparrowOne.com.