Shiji Acquires Touchpeak Software Inc, an International Payment Solutions Provider

Adding to Shiji Payment Solutions, Touchpeak Software Inc will further enhance Shiji’s global payment solutions for international customers in the hospitality industry.

Shiji completed the acquisition of Touchpeak Software, Inc. and its subsidiary EFT Middleware LLC. After being an investor in the company for a number of years, Touchpeak will now be incorporated into Shiji Payment Solutions and continue to operate its business and serve its customers as it has before as a wholly owned company of the Shiji Group.

Touchpeak Software, Inc. which was founded in 2014 had built and deployed a payments system integration framework that is in use in the USA, Canada, UK, and Europe. The Touchpeak Switch is designed for applications to exchange messages real-time using dynamic message routing, configuration, and switching technologies.

that facilitate data exchange and thus innovation. The core mission is to increase efficiency for our clients by connecting their businesses vertically across multiple systems and horizontally across related industries.

"With us now being part of the Shiji Group we have the resources to deliver even more innovation, better products and solutions across the integrated payments industry vertical. This will make the next step in our journey very exciting for both our customers and employees." said Michael Balzer, Vice President, Shiji Global Payments Solutions.

As part of the Shiji Group, Shiji Payment Solutions will continue pursuing its goal of providing integrated payment solutions and products in the Americas, EAME and APAC. The company will increase its efforts in product development, add to the service delivery teams and open up sales and service offices across Europe, the Middle East, and Asia Pacific in the course of 2019 and beyond.

About Touchpeak Software, Inc.

Touchpeak is a software company that delivers switching solutions for payments to clients across North America, Europe and the Middle East. The core technology delivered by Touchpeak integrates peripherals like card readers, PIN pads to cash registry systems (physical and cloud-based) and connects these to processors, payment gateways and other 3rd party services.

About Shiji

Shiji Group provides software solutions and services for the hospitality, food service, retail and entertainment industries, ranging from hotel management solutions, to food and beverage and retail systems, payment gateways, data management, online distribution and more.

Founded in 1998 as a network solutions provider for hotels, Shiji Group today comprises 4,000 employees in 70+ subsidiaries and brands, serving over 60,000 hotels, 200,000 restaurants and 400,000 retail outlets.

With the benefit of investment partners such as Alibaba, Shiji develops a network of cloud technology platforms that facilitate data exchange by connecting businesses vertically and horizontally across related industries. The importance of cross-industry integration to connect all levels of the supply chain, from guests, to distributors and suppliers of all types is a critical part of our mission. Our goal is to facilitate the transition to fully integrated systems for our clients through a network of platforms that communicate securely and easily so our clients can focus on their core competencies of serving their customers and guests.

Please visit www.shijigroup.com for more information.

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