TSYS has paid $1.05 billion in cash to acquire Cayan, provider of payment technologies and an EMV gateway service that point-of-sale developers incorporate into their products. The transaction closed on January 11, 2018. Cayan, which was known as Merchant Warehouse until it was rebranded in 2011, had been a portfolio company of Parthenon Capital Partners, which helped Cayan grow through seven acquisitions since 2012. Current portfolio companies of Parthenon are BlueSnap, CardWorks, and BillingTree. The acquisition will bring TSYS more than 70,000 merchants through links to more than 100 sof...