Rapidata Services has been acquired by the same private investors that backed the recent MBO of payment processing and fulfilment provider Valldata.
Both Rapidata and Valldata will maintain individual brands and service operations, while coming together in a new working partnership to align complementary services under the umbrella of newly formed holding company, VRD Group.
In a statement the companies said the partnership will enable Rapidata and Valldata to streamline areas of commonality and build a stronger, more complete service structure to charity clients; with Valldata focusing on providing cash and card payment processing, campaign and back office services, and Rapidata as a Bacs approved bureau specialising in Direct Debit collections, regular giving optimisation and online giving services.
Importantly, existing client contracts and relationships will continue unchanged with no disruption to services. The day to day running of client accounts will continue unchanged, business continuity and service excellence for our clients remains top priority.
Greg Michael, chief executive of Valldata said: “Valldata is delighted to have partnered with Rapidata. We recently completed an MBO of Valldata with the specific aim of creating an unparalleled end-to-end service for the not-for-profit sector. Charities are under increasing pressure to streamline their operations and reduce cost while also ensuring they engage with donors and supporters in a compliant, responsible and efficient manner.
“The breadth of services that Valldata and Rapidata can offer together allows us to provide the most comprehensive and differentiated payment processing and campaign fulfilment service in the sector. It will allow us to do an even better job in serving the needs of our charity clients in undertaking their vital work.”
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