Heartland Payment Systems To Acquire TouchNet Information Systems

(RTTNews) - Heartland Payment Systems, Inc. (HPY), a provider of card payment processing services, Wednesday said it has entered into an agreement to acquire TouchNet Information Systems, Inc., an integrated commerce solutions provider to higher-education institutions.

TouchNet adds over 600 higher education clients serving over six million students, which is nearly one-third of the higher-education enrollment in the US, to Heartland's Campus Solutions business, the firm said.

The acquisition includes TouchNet's software, customer base and existing employees, including the management team. Its operations will continue to be based in Lenexa, Kansas.