Helmond, 10 December 2020
This month, both parties agreed that the payment service provider Buckaroo will take over Sisow.
The acquisition is subject to the approval of the Dutch Central Bank. In view of the procedure that must be followed, it is expected that the Dutch Central Bank will grant its approval in the first quarter of 2021.
Sisow will then continue to operate under the brand name “Sisow by Buckaroo”.
Ruud Bakens, CEO of Sisow: “To take Sisow, its customers and staff to the next phase quicker, we need more clout. I am convinced that we can grow by joining forces with Buckaroo. The people at Sisow and Buckaroo have the right experience and focus to realise ‘Sisow by Buckaroo’. This is supported in part by the comparable corporate culture and complementary customer base. In my opinion, this is the perfect basis for a future-proof position in the SME market.”
Marey Timmermans, CFO/COO of Sisow, adds that both from a business and legal perspective the most logical course of action was to merge Sisow with a company that can serve both clients in the SME segment as well as large national and European clients. This has eventually resulted in the sale of Sisow to Buckaroo. Within Sisow, we became increasingly convinced that a takeover by Buckaroo and continuing with them would bring benefits to all parties involved – Buckaroo, Sisow, customers, staff and partners.
Buckaroo, which has just celebrated its 15th anniversary, has a portfolio of more than 4,000 high-end and mid-market clients, such as Fleurop and Brandfield. They offer their clients a complete service, from smart checkout to subscription services and credit management.
What will change for our customers?
Digitalisation has accelerated the economy and has led to strong growth in online sales in Europe. The SME sector is growing rapidly and requires innovation.
The combination of Buckaroo and Sisow will ensure that companies and entrepreneurs in the broad SME segment are offered unambiguous and even more innovative payment solutions, tailored to their sector. In the new partnership, Sisow’s customers and partners will still be able to use specific software tailored to their needs; the Sisow portal(s), APIs and plug-ins will remain in place for customers and partners/resellers, so there will be no need to convert and/or implement anything after the acquisition.
The combination of Buckaroo and Sisow can compete at any level of the payments market. Buckaroo will be the label for Corporate and Mid-Market Merchants, while Sisow by Buckaroo will be the label for the SME market.
Sisow by Buckaroo: a new name with the same trusted quality and service.