Transaction Network Services (TNS) is expanding into Brazil through the acquisition of mobile and Internet of Things (IoT) communications specialist Link Solutions Eireli (Link), the company said.
The acquisition of the family owned business gives TNS two new offices in Brazil, 65 new employees and an extensive customer base of mPOS, transportation, security and tracking customers that collectively use over 500,000 Link managed SIMs in the country. Combined with TNS´ own SIM network, this means TNS now manages almost a million SIMs around the world.
Link´s Chief Executive Officer, Alexandro de Araujo Silva, will remain in his position, and former owner Francisco das Chagas Batista Leite will serve as a consultant following the acquisition.
Founded in 1990, TNS, a trusted partner to the payments industry, providing services across Europe, the Americas and the Asia Pacific regions. TNS offers a broad portfolio of solutions, including secure and resilient transaction delivery services that are used by many of the top banks, transaction processors and ATM deployers around the world. TNS´ Network Operating Centers in the US, UK and Australia provide 24x7x365 support to all of its customers. TNS is a Level 1 PCI DSS certified service provider and a global board member of the ATM Industry Association (ATMIA). For more information about TNS, visit www.tnsi.com.