PRINCETON, N.J.--(BUSINESS WIRE)--Heartland Payment Systems (NYSE:HPY), one of the nation’s largest payments processors, has acquired MCS Software, an innovative provider of school foodservice point-of-sale (POS), back office and online payment solutions for more than 4,000 K-12 schools nationwide.
The acquisition of Madisonville, Louisiana-based MCS Software marks the continuing expansion of Heartland’s market-leading position in the growing K-12 school nutrition and POS technology industry. Heartland School Solutions now serves over 34,000 K-12 schools nationwide, representing a 35% share of the public schools in the U.S.
“MCS Software is an important addition to our School Solutions business,” said Michael Lawler, President of Heartland’s Strategic Markets Group. “Our latest acquisition in this growing industry further enhances our market-leading position, adding both an outstanding software product to our current platforms and a substantial nationwide customer base. We also have a significant opportunity to expand and improve upon the school payments solutions offered to parents and children in current MCS school districts.”
Heartland School Solutions provides industry-leading child nutrition and payment management solutions to public and private schools throughout the country. These include POS terminals, a secure online payment portal, mobile payment capabilities and integrated vending solutions. Heartland School Solutions also provides a number of back office management features, such as online free- and reduced-meal application processing, meal tracking, inventory management and menu planning. Heartland’s online payment portal allows parents to pay for not just school meals, but also for school activities, fees, and other services offered by school districts.
For more information about Heartland School Solutions, visit: www.heartlandschoolsolutions.com
About Heartland Payment Systems
Heartland Payment Systems, Inc. (NYSE:HPY), the fifth largest payments processor in the United States, delivers credit/debit/prepaid card processing, mobile commerce, e-commerce, marketing solutions, security technology, payroll solutions, and related business solutions and services to more than 275,000 business and educational locations nationwide. A FORTUNE 1000 company, Heartland is the founding supporter of The Merchant Bill of Rights, a public advocacy initiative that educates merchants about fair credit and debit card processing practices. Heartland also established The Sales Professional Bill of Rights to advocate for the rights of sales professionals everywhere. More detailed information can be found at HeartlandPaymentSystems.com, HeartlandPaymentSystems.com/Careers, Heartlandpaymentsystems.com/Blog or follow the company on Twitter@HeartlandHPY and Facebook at facebook.com/HeartlandHPY.
Forward-looking Statements
This press release contains statements of a forward-looking nature which represent our management’s beliefs and assumptions concerning future events. Forward-looking statements involve risks, uncertainties and assumptions and are based on information currently available to us. Actual results may differ materially from those expressed in the forward-looking statements due to many factors, including risks and additional factors that are described in the Company’s Securities and Exchange Commission filings, including but not limited to the Company’s annual report on Form 10-K for the year ended December 31, 2013. We undertake no obligation to update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.
