Rapidata and Valldata join forces
We are very pleased to announce that Rapidata Services Plc, was acquired yesterday (6th June 2016) by the same private investors that backed the recent MBO of leading payment processing and fulfilment provider, Valldata Services Limited. This means that the two leading agencies have joined forces to provide the largest and most secure provision for payment processing and fulfilment services in the not-for-profit sector.
Both Rapidata and Valldata will maintain individual brands and service operations, while coming together in a new working partnership to align complementary services under the umbrella of newly formed holding company, VRD Group Ltd.
“This buyout is good news for our clients, our staff and the wider sector,” says Scott Gray, managing director of Rapidata, “We will be working together to further invest in and enhance our offerings in supporting charities and not-for-profits.”
The agencies’ combined strengths and specialist services will create the sector’s most comprehensive end-to-end provision for donation and fulfilment services. The partnership will enable Rapidata and Valldata to streamline areas of commonality and build a stronger, more complete service structure to charity clients; with Valldata focusing on providing cash and card payment processing, campaign fulfilment and back office services, and Rapidata as a Bacs approved bureau specialising in Direct Debit collections, regular giving optimisation and online giving services.
Importantly, existing client contracts and relationships will continue unchanged with no disruption to services. The day to day running of client accounts will continue unchanged, business continuity and service excellence for our clients remains top priority.
The buyout underpins the likeminded commitment of both agencies to work in true partnership with the charity sector, based on trust, service quality excellence, strong corporate governance, leading best practice compliance, and investment and innovation for the future.
Greg Michael, Chief Executive, Valldata said: “Valldata is delighted to have partnered with Rapidata. We recently completed an MBO of Valldata with the specific aim of creating an unparalleled end-to-end service for the not-for-profit sector. Charities are under increasing pressure to streamline their operations and reduce cost while also ensuring they engage with donors and supporters in a compliant, responsible and efficient manner.
“The breadth of services that Valldata and Rapidata can offer together allows us to provide the most comprehensive and differentiated payment processing and campaign fulfilment service in the sector. It will allow us to do an even better job in serving the needs of our charity clients in undertaking their vital work.”
Scott Gray, Managing Director at Rapidata states: “It’s an incredibly positive time to be developing the next generation of agency services in this sector; we are operating in a new and more stringent regulatory climate and charities need to minimise risk while increasing efficiency in a responsible and accountable way.
“I’m looking forward to working with Greg and Valldata in pooling our experience as we embark on a new journey. Valldata and Rapidata have both invested in and developed high-quality payment processing and fulfilment services for the charity sector. Partnering our businesses allows us to offer the sector’s most comprehensive range of complementary services for our charity clients.”
If you would like to know more about the changes at Rapidata and the wider breadth of service that are now opening to our clients, please contact myself or our Client Services Team on 01293 601111 or firstname.lastname@example.org