Transaction Network Services

Transaction Network Services (TNS) is a privately held, multinational company in the payments, financial and telecommunications industries. TNS is the supplier of networking, integrated data, and voice services to many organizations in the global payments and financial communities, as well as a provider of telecommunications network solutions to service providers.

Transaction Network Services
TypePrivate
IndustryData communications
Founded1990
Headquarters,
United States
Number of locations
60+ countries
Areas served
Key people
  • Mike Keegan
  • Dennis Randolph
  • Mark Cole
  • Jim McLaughlin
Revenue$409.1 million (2019)
Number of employees
1000+
Websitewww.tnsi.com

History

  • 1990 – TNS founded in the US to provide services to the point-of-sale/payments industry[1]
  • 1994 – Initial public offeringNASDAQ listed[2]
  • 1995 – TNS' Telecommunications Services division launched
  • 1996 – International offices launched in the UK, Canada and Ireland and TNS' Financial Services division launched
  • 1998 – Acquired AT&T's Transaction Access Service (USA)
  • 1999 – Offices opened in Australia, France and Japan. Processing services launched in the UK. Listed on the NYSE.
  • 1999 – Acquired by PSINet[3] for $705 million (US$1.1 Billion (2019))
  • 2000 – Office opened in Spain
  • 2001 – Management, in conjunction with private equity firm GTCR Golder Rauner LLC, bought back TNS from PSINet[4]
  • 2002 – Office opened in Italy
  • 2003 – Acquired Openet (Italy)[5] and Transpoll Offline (UK) [6]
  • 2004 – Initial Public Offering – NYSE listing[7]
  • 2005 – Acquired Connect Ro (Romania)
  • 2006 – Offices opened in India, Thailand and South Korea.[8] Acquired Comms XL (UK),[9] InfiniRoute Networks Inc. (USA), Sonic Inc. (USA) and JPG Telecom SAS (France)
  • 2007 – Acquired Dialect Payment Technologies (Australia)[10]
  • 2008 – Offices opened in Hong Kong and Singapore
  • 2009 – Acquired Verisign's Communication Services Group (USA)[11]
  • 2010 – Acquired Cequint, Inc. (USA)[12]
  • 2013 – Office opened in Taiwan. TNS acquired by Siris Capital Group LLC in a take-private transaction[13]
  • 2015 – Sells Call Authentication assets to Neustar
  • 2016 – Received investment led by Koch Equity Development LLC[14]
  • 2017 – Offices opened in New Zealand and the Philippines
  • 2018 – Acquired Advam
  • 2019 – Acquired Link Solutions (Brazil), OpSiSe (France), and R2G (Chicago)

References

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