|[April 10, 2014]
Heartland Payment Systems Acquires MCS Software, Signaling Ongoing Growth of Heartland School Solutions Division
PRINCETON, N.J. --(Business Wire)--
Heartland Payment Systems (NYSE:HPY),
one of the nation's largest payments processors, has acquired MCS
Software, an innovative provider of school foodservice point-of-sale
(POS), back office and online payment solutions for more than 4,000 K-12
The acquisition of Madisonville, Louisiana-based MCS Software marks the
continuing expansion of Heartland's market-leading position in the
growing K-12 school nutrition and POS technology industry. Heartland
School Solutions now serves over 34,000 K-12 schools nationwide,
representing a 35% share of the public schools in the U.S.
"MCS Software is an important addition to our School Solutions
business," said Michael Lawler, President of Heartland's Strategic
Markets Group. "Our latest acquisition in this growing industry further
enhances our market-leading position, adding both an outstanding
software product to our current platforms and a substantial nationwide
customer base. We also have a significant opportunity to expand and
improve upon the school payments solutions offered to parents and
children in current MCS school districts."
Heartland School Solutions provides industry-leading child nutrition and
payment management solutions to public and private schools throughout
the country. These include POS terminals, a secure online payment
portal, mobile payment capabilities and integrated vending solutions.
Heartland School Solutions also provides a number of back office
management features, such as online free- and reduced-meal application
processing, meal tracking, inventory management and menu planning.
Heartland's online payment portal allows parents to pay for not just
school meals, but also for school activities, fees, and other services
offered by school districts.
For more information about Heartland School Solutions, visit: www.heartlandschoolsolutions.com
About Heartland Payment Systems
Heartland Payment Systems, Inc. (NYSE:),
the fifth largest payments
processor in the United States, delivers credit/debit/prepaid card
processing, mobile commerce, e-commerce, marketing
solutions, and related business solutions and services to more than
275,000 business and educational locations nationwide. A FORTUNE 1000
company, Heartland is the founding supporter of The
Merchant Bill of Rights, a public advocacy initiative that educates
merchants about fair credit and debit card processing practices.
Heartland also established The
Sales Professional Bill of Rights to advocate for the rights of
sales professionals everywhere. More detailed information can be found
or follow the company on Twitter (News - Alert)@HeartlandHPY
and Facebook (News - Alert) at facebook.com/HeartlandHPY.
This press release contains statements of a forward-looking nature
which represent our management's beliefs and assumptions concerning
future events. Forward-looking statements involve risks, uncertainties
and assumptions and are based on information currently available to us.
Actual results may differ materially from those expressed in the
forward-looking statements due to many factors, including risks and
additional factors that are described in the Company's Securities and
Exchange Commission filings, including but not limited to the Company's
annual report on Form 10-K for the year ended December 31, 2013. We
undertake no obligation to update any forward-looking statements to
reflect events or circumstances that may arise after the date of this
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