IXOLIT Merges with IXOPAY
Vienna-based IXOLIT Group and its subsidiary IXOPAY have been merged to form a single company, IXOPAY. Daily operations and the ownership structure of IXOPAY will remain unaffected, and there will be no changes to the teams working on IXOPAY. The goal is to simplify operations and eliminate administrative overheads while maximizing the potential of the IXOPAY platform.
IXOLIT was founded in 2001, and developed several innovative e-commerce platforms: IXOPLAN (recurring payments), IXOCREATE (CMS), IXOCARE (promotions and loyalty programs) and IXOPAY (payment orchestration platform). IXOPAY was initially created in 2014 to facilitate the process of integrating online payments for users of IXOPAY’s other e-commerce platforms. However, IXOPAY has gone from strength to strength since then, outgrowing its parent company IXOLIT, and becoming by far the largest of IXOLIT’s e-commerce solutions.
Merging IXOLIT with IXOPAY is the logical conclusion to these developments, making official what had already been practical reality for some time. Daily business operations will remain unchanged by the merger and the ownership structure will remain the same. Founder and Executive Chairman Rene Siegl and CEO Nathalie Siegl, owners and leaders of both IXOLIT and IXOPAY, will continue to lead the merged company. IXOPAY will continue to be financed by the Siegl family, without the involvement of any strategic investors or financial partners.
"This merger is the natural next step for our companies, which have always focused on providing innovative eCommerce solutions," said Nathalie Siegl, CEO of both IXOLIT and IXOPAY. "By combining our resources under the IXOPAY brand, we can streamline our operations, invest in new areas of growth and expansion, and dedicate our resources to extending the range of payment options and features available in IXOPAY."
This means that while the company has changed on paper, nothing has changed in practice. The company will continue to offer its payment orchestration platform, fraud prevention, value-added services and payment processing solutions under the IXOPAY brand. Customers, partners and employees will remain completely unaffected by the merger. The goal of the merger is simply to reduce the bureaucratic overheads that come with managing multiple corporate entities. This will allow IXOPAY to consolidate the administrative side of the business, while making clear that its focus is now on growing the IXOPAY orchestration platform. For IXOPAY clients - who made up by far the largest share of IXOLIT’s customers - this means that more resources will be available for developing and optimizing the platform to meet their needs.
As Rene Siegl, Founder and Executive Chairman of IXOLIT and IXOPAY puts it, "IXOPAY has already proven to be a game-changer in the payment industry, and with this merger, we will continue to lead the way in providing cutting-edge payment and digital commerce solutions to our clients worldwide."
While IXOPAY’s daily business, ownership structure and desire to revolutionize the market will remain unaffected, there will be some administrative changes: IXOPAY now assumes all of IXOLIT’s obligations and responsibilities. Our legal framework has been updated accordingly. The same will apply to other forms of communication, which will now all take place under the IXOPAY brand.
We understand that you may still have questions regarding the merger, and have put together an FAQ. If you still have questions, please contact our Customer Success Management team. Thank you for supporting IXOPAY and helping us to grow so successfully. We look forward to many more years of payment orchestration with you.