23rd of March, 2015 Optimal Payments, which is a global provider of online payments solutions offering NETBANX and NETELLER services, has publicly proposed to acquire SKRILL, a privately held global provider of digital payments, for a value of approximately €1.1 billion.
The acquisition still needs to be approved by the FCA (the British Financial Conduct Authority), as well as by the respective US authorities. It is expected, that the whole process shall be completed by the end of the third quarter of 2015.
Both payments providers are extremely popular among Forex and binary options brokers, as long as they provide a fast and secure way to get customers' deposits in jurisdictions that are rather restrictive.
“Over the past four years, we have successfully delivered significant growth in revenues and earnings for our shareholders," said Joel Leonoff, president & CEO at Optimal Payments. “This growth resulted from executing our strategy to generate high levels of organic growth and to supplement this with accretive acquisitions. The acquisition of Skrill will create a global tech champion in the fast growing digital payments space and we believe represents a transformational leap forward that greatly accelerates our strategic plan. The Optimal Payments management team is extremely excited about the future prospects for the Company."