METRIC CAPITAL PARTNERS ANNOUNCES INVESTMENT IN SECURE TRADING LIMITEDY
Metric Capital Partners ("MCP"), the European private capital group, has announced the completion of its growth capital investment in Secure Trading Limited ("Secure Trading" or the "Company"), a global payment services provider headquartered in London.
Secure Trading offers a comprehensive suite of payment solutions to online businesses, including an exceptionally reliable payment gateway, online accounting and treasury management, and sophisticated counter-fraud services. Metric.s investment will further drive its expansion in the online payments industry.
The Company is part of the UC Group, which owns several technology companies in the payments domain, including Cognosec, an IT security and PCI compliance specialist based in Vienna. This breadth of capabilities across the ecommerce space makes the group a highly differentiated and attractive service proposition for ambitious online businesses. Secure Trading is headquartered in Canary Wharf, London with its infrastructure based in a state of the art facility in Bangor, UK. The Company has invested extensively in developing highly scalable and robust technology platforms, resulting in a resilient, fault-tolerant infrastructure, exceptional uptime and very high levels of customer satisfaction.
Commenting on the deal, David Scheurl, Principal of Metric Capital, said: "We are pleased to be partnering with a very driven and experienced management team to support the business as it enters the next phase of growth. The underlying market dynamics are highly attractive and this investment will allow Secure Trading to expand its role in the online payment industry."