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CDS Global Announces Acquisition of PayDQ

Wednesday, October 05, 2011

Press release from the issuing company

CDS Global is excited to announce the acquisition of PayDQ, a leading provider of electronic bill presentment and payment (EBPP) services. This strategic acquisition is a true testament of CDS Global’s commitment to serving as a technology-driven partner for our clients.

Many immediate benefits will be provided to all of CDS Global’s strategic partners, as our expanded product suite will deliver electronic billing and payment services to complement our existing paper-based solutions. Over the course of our phased acquisition and strategic product plan, CDS Global will develop a fully integrated bill presentment and payment (IBPP) solution to increase paper-to-electronic conversion and provide our partners with the tools required for meeting their business needs and enhancing customer experiences.

With any acquisition there is change, and CDS Global is a champion in embracing new changes. We are proud to welcome the employees and clients of PayDQ to the CDS Global family. PayDQ will fall under our corporate umbrella and assume the CDS Global name. The company’s staff will be retained in their current office in Council Bluffs, Iowa.

CDS Global is committed to continuing to serve our strategic partners – across all industries – with leading outsourced solutions to streamline efficiencies and grow their bottom lines. These new capabilities will provide a new set of digital services to our clients while increasing our durability for the future.

Stay tuned for more posts on our corporate blog as additional developments occur related to this acquisition. To view our press release announcing this acquisition, visit cds-global.com/newsroom.

 

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