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globalpayments Global Payments Agrees to Acquire MineralTree , a Leader in Business- to - Business ( B2B ) Software - Led Payments B2B Sector Provides Incremental Opportunities to Accelerate Growth ATLANTA -- SEPTEMBER 8 , 2021 -- Global Payments Inc. ( NYSE : GPN ) , a leading worldwide provider of payment technology and software solutions , today announced an agreement to purchase MineralTree , a leading provider of accounts payable automation and business - to- business ( B2B ) payments solutions , from an investor group led by Great Hill Partners , .406 Ventures and Eight Roads Ventures . MineralTree's software - as - a - service ( SAAS ) offerings automate key procurement processes , including invoice capture , coding and approval , and enable virtual cards and integrated payments options across a variety of key vertical markets to digitize payables for thousands of customers . In combination with Global Payments ' existing B2B payments capabilities , including leadership in commercial payments , domestic and international acquiring , payroll , data and analytics , access to non - card based rails and virtual card provisioning , MineralTree's cloud native solutions substantially expand Global Payments ' target addressable markets and provide significant incremental avenues for growth in one of the most attractive technology markets . Global Payments also will provide unique advantages for buyers , suppliers and employers through the creation of new virtual networks , deepening its competitive moat by expanding the company's arsenal of distinctive marketplaces and ecosystems . " B2B reinforces each of the legs of our strategic stool , including software primacy , a leading ecommerce franchise and an unmatched presence in many of the most attractive markets worldwide , " said Jeff Sloan , Chief Executive Officer , Global Payments . " Post our merger with TSYS in 2019 , we have many of the elements of a successful B2B offering . The addition of MineralTree's digitized payables solutions enhances our B2B product suite and expands our opportunity set in one of the largest and most underpenetrated markets in software and payments . We intend to scale our combined B2B initiatives more quickly by leveraging our extensive distribution channels and leading cloud centric technologies globally . " Under the terms of the acquisition agreement , Global Payments will acquire MineralTree for $ 500 million in cash . Global Payments will finance the acquisition with its existing credit facility and