The shareholders of Rapidata Services, one of the UK’s leading payment platform providers, have sold the company to Access Group.
Founded in 1997, Rapidata Services is a direct debit payment processor that focuses on the not-for-profit sector. The business also provides value-add services, including campaign management and analytics tools, and supports a range of organizations to quickly and easily collect donations and maximize their regular income. Rapidata Services has developed a reputation for delivering market leading payment processing solutions that enable their 600 customers, which include more than 10% of the Top 500 UK charities, to reduce the administration, cut down on costs and limit time associated with processing payments.
Access Group is one of the UK's leading providers of business management software to mid-market companies. This acquisition will allow the group to infiltrate the payments sector and integrate payment processing capabilities for its existing not-for-profit customers by building on Rapidata’s prior sector expertise and networks. To accelerate growth, Access Group plans to extend the capability to other sectors, including education and health and social care, where there are great opportunities for these facilities.
Oaklins Cavendish, based in the UK, advised the shareholders of Rapidata Services on the sale of the business.
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