E-processor Safecharge In $8 Mill Acquisition Deal

Teddy Sagi's e-processor just got bigger

SafeCharge, the e-processing company brought to the London market earlier this year by Israeli online gambling and property billionaire Teddy Sagi, continued its relentless growth this week with the $8 million acquisition of payment service provider CreditGuard.

The acquisition is expected to complete in January 2015.

David Avgi, the CEO at SafeCharge, said Friday:

"CreditGuard is highly regarded within the payments industry, with a solid portfolio of clients across multiple market sectors and a vast knowledge and expertise in Enterprise IT infrastructures, networks and security.

"This enables us to fast-track our entry into new verticals and take a strong position in the exciting Israeli market."

CreditGuard chief exec Uriel Ben David said the collaboration between the two companies would play a central role in expanding CreditGuard's technologies and services to local and international markets.

"We are excited to be joining the SafeCharge team, which is a true leader and a respected player in the online payments space," he said.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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