WESTPAY: New 4 year agreement with Cirralto in Australia, minimum value 30 MSEK

Westpay AB has signed a four year agreement with Cirralto Limited (ASX:CRO). Cirralto becomes a new distributor of Westpay’s merchant payment solutions in Australia. The minimum contracted value amounts to 30 MSEK during the agreement term.

Cirralto is a listed company that owns and operates technology assets and services that enable modernization of business IT systems via the conversion, migration and management of server based legacy data and systems to the Cloud. The cooperation with Westpay will allow Cirralto to integrate merchant payment services in its product portfolio, which will strengthen its business with existing and new customers.

“We are seeing a lot of crossover into the payments space with almost every large solution that we are engaged with and it therefore makes sense to enter into this market.”, said Mike Mulvey, CEO of Cirralto Limited.

“We are excited to be engaging with Cirralto in the emerging Australian market. After success in other international markets such as Europe, South Africa and Asia, we see Australia as the next logical step.”, says Sten Karlsson, CEO of Westpay.

For additional information, please contact:

Sten Karlsson, CEO Westpay AB

Mobile:

E-mail:

Westpay’s Certified Adviser is Erik Penser Bank, .

This press release contains such information that Westpay AB is required to publish in accordance with the EU Market Abuse Regulation. The information was published for public disclosure on 31 August 2018 at 08:42 CET through the agency of the contact person set out above. 

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