Serent Capital-backed Payliance completed the acquisition of Secure Payment Systems.

Serent Capital-backed Payliance, a payment processing solutions provider, completed the acquisition of Secure Payment Systems, a payment processing company. Financial terms were not disclosed. "Acquiring SPS complements Payliance's current payment processing portfolio, expands our addressable market and product portfolio, diversifies our client base, and allows for several revenue synergies. With SPS, we can continue to deliver the best payment processing, verification, and collections services to the merchant and lending communities we already serve. Current and future clients can expect significant benefits as a result of this transaction and only furthers our mission -- of helping - clients grow," John Cullen, Payliance CEO.