IXOPAY and IXOLIT Merger FAQs
The following FAQs contain answers to questions about the merger of IXOLIT into IXOPAY.
IXOLIT and IXOPAY are merging under the IXOPAY brand to create a leading global payment and digital commerce platform. This change will not impact customers. IXOPAY continues to be owned and run by chairman Rene Siegle and CEO Nathalie Siegl, and there will be no changes to our product or services. This move simply consolidates the resources of both companies under the IXOPAY brand and will reduce the administrative overheads that come with operating two corporate entities.
The merger is driven by a desire to simplify operations, eliminate administrative overheads and leverage the full potential of our payment orchestration platform. By combining the resources of both companies, we can better serve our clients and invest in new areas of growth and expansion.
No, there will not be a new company. IXOPAY already existed as a company prior to the merger, and will continue to operate as the same legal entity as before. The merger will simply consolidate IXOLIT Group's resources and expertise under the IXOPAY brand. The IXOPAY brand will be the main focus going forward.
The merger will enable IXOPAY to provide even better services in the future, with consolidated resources, streamlined operations, and a focus on growth and expansion in new areas of digital commerce. Clients will benefit from the company's continued commitment to innovation and excellence in payment orchestration and related services.
No, nothing will change for our clients. The same products and services will now simply be provided under the IXOPAY brand only. We will continue to provide the same high level of support and services as before, with the same employees as before. From a legal perspective of an IXOPAY client, activities previously subcontracted by IXOPAY to IXOLIT are now performed by IXOPAY directly.
IXOPAY will continue to be owner-led and financed by founders Rene Siegl (chairman) and Nathalie Siegl (CEO), who were also the owners and executives of IXOLIT prior to the merger. This means there are no changes to the leadership or ownership of IXOPAY as a result of the merger.
No, there will be no changes to the IXOPAY payment orchestration platform, although we will be able to dedicate more resources to the ongoing development of the platform.
No, there are no plans to change the pricing of services as a result of the merger.
No, the IXOLIT brand will no longer exist, but the company's resources will be used to further improve IXOPAY. IXOPAY will continue to benefit from IXOLIT’s more than 20 years of experience in the field of e-commerce.
The merger has already been formally completed, and the IXOLIT brand will no longer be used going forward. All services and support will be provided under the IXOPAY brand.
No. Given that there will be no personnel changes, your contacts at IXOPAY will remain the same. We will however be switching over to using IXOPAY email addresses as the primary means of contact, though IXOLIT email addresses will continue to function for the foreseeable future.
If you have any additional questions or concerns, please do not hesitate to contact us at [email protected].