Global technology leader Planet announced today that it has merged with Proximis, Datatrans, protel Hotelsoftware and Hoist Group to power digital commerce and power retail, The hospitality and financial services verticals provide industry-leading cloud software and payment solutions. The combined company operates in more than 120 markets and employs more than 2,000 people worldwide.
Planet’s strategy is to combine software, payments and technology to provide a consistent, convenient and personalized experience that meets the changing needs of its clients’ consumers. Planet’s new offering enables its customers to connect all channels, both online and offline, and integrate previously fragmented software and payment systems that put functionality over the end customer experience.
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By creating a single end-to-end platform, retailers can support a unified shopping journey across all channels, including complex processes such as online ordering and in-store pickup, shopping and shipping, and advanced returns management. For hoteliers, Planet provides integrated built-in payment capabilities to power guests’ digital travel, saving them time and enabling them to generate revenue through integrated value-added services. Additionally, Planet works with a network of financial services partners around the world to provide global payment processing solutions.
Major shareholders Anhong and Eurazeo have partnered to combine the companies into a vertical-focused global technology leader with the goal of transforming digital commerce for clients. Both parties will continue to drive investment and innovation with their combined global reach and deep technology domain expertise.
The combined company will be led by Brent Warrington, who joined Planet with a very successful track record of leading high-growth technology companies, including a recent career at PayPal. Before that, Brent was CEO of Hyperwallet for five years, which was acquired by PayPal in 2019. Brent’s other leadership roles include serving as CEO of SecureNet Payment Systems (acquired by Worldpay) and FundsXpress (acquired by FirstData). Brent succeeds Patrick Waldron, who will join Planet’s board of directors.
Commenting on the announcement, Brent Warrington said:
“We have a unique opportunity in front of us to create a company that delivers innovative solutions that will transform our customers and their consumers, shoppers and guests through connected commerce.
We will be a differentiating and disruptive force within our industry, which will drive our growth ambitions. I look forward to sharing with you our progress in 2022. ”
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