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AUSTRALIA’S largest payment provider has signed a multi-million dollar deal to help self-storage operators better manage their cashflow.
Brisbane-based cloud software provider Ezidebit has acquired StorMan Software.
The capital injection and increased capacity gained through the acquisition is set to improve StorMan Software’s product and service offering, while Ezidebit is tipped to secure foothold as a leading payments services software provider.
Ezidebit chief executive officer Charlie Holland (pictured below) says the deal will mark his company’s entry into the self-storage industry, the company already having software partners in other industries.
The payment provider’s systems have already earned it a position of privilege in Australia’s childcare and fitness industries.
“We’re very excited to be able to support StorMan Software’s business growth and help the company’s clients focus on growing their business while we focus on simplifying the collection of rental income,” says Holland.
StorMan Software chief executive officer Matt McGown says capital gained from the acquisition will go towards updating and simplifying the company’s payment processing system.
“The cash injection will give us access to increased technical, marketing and sales resources to deliver a flawless customer experience,” says McGown.
“It will also help move our systems to the cloud, allowing users to manage their business from any device, in any location, simply from their browser.”
Ezidebit currently has 20,000 customers and is Australia’s largest non-bank payment supplier.
Its fully automated cloud-based payment platform manages one-off joining fees, recurring fees, invoice payments from a set or variable amount, payment plans and debt collection.
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