Global Payments to acquire SICOM Systems from LLR Partners for $415m.

Global Payments, a provider of payment technology and software solutions, agreed to acquire SICOM Systems, a restaurant software services provider, from LLR Partners, a private equity firm, for $415m. “The acquisition of SICOM aligns perfectly with our software-driven payments strategy and establishes Global Payments as a leader in one of the largest addressable markets we serve today. The transaction also allows us to expand our owned software solutions into food service management, a large addressable market globally with attractive fundamentals, while further accelerating our business mix toward technology enablement," Jeff Sloan, Global Payments CEO.