Two companies with offices in Atlanta announced on Feb. 5 expansion of their activities in Toronto specifically and Canada more generally.
Elavon Inc., a global payments firm owned by Minneapolis, Minn.-based U.S. Bancorp, acquired Collective Point of Sale Solutions Ltd., in Toronto. Stibo Systems Inc., a management software provider that has its regional headquarters in Kennesaw, has opened a Toronto office.
Elavon provides payment-processing services to merchants in Europe and Brazil, Canada, Mexico, Puerto Rico and the United States.
Tom Boyer, president of North America for Elavon, said that acquiring Collective Point of Sale Solutions will enable the company to leverage the company’s established customer base in Canada.
According to the release, Collective POS has more than 80 employees, processes more than $1 billion of debit and credit card transactions annually and serves nearly 12,000 businesses across Canada.
Stibo Systems provides software that helps organizations better manage enterprise intelligence on a global scale and improve sales. It is a subsidiary of the privately held Stibo A/S Group, originally founded in 1794 with corporate headquarters in Aarhus, Denmark.