Tony Catalfano | Executive Profile | ATLANTA TREND
Worldpay to Relocate US Headquarters to City of Atlanta
By Robert Green
On December 9th, Worldpay, US CEO Tony Catalfano announced that the company will relocate its U.S. headquarters and 671 employees from Sandy Springs to Atlanta’s Atlantic Station. Worldpay will also add 600 jobs over the next four years to keep pace with its rapid expansion. The company will occupy 130,000 square feet over six floors of the 201 17th Street office building located in Atlanta’s Midtown business district, the company has confirmed, following a competitive national search for the location best suited to support its growth objectives.
“Atlanta is the epicenter of financial services technology with access to innovative talent, infrastructure and creative business which positions us best for continued growth,” said Worldpay, US CEO Tony Catalfano. Just last month, Worldpay US announced its intent to acquire SecureNet Payment Systems, a market leader in multi-channel commerce technology that seamlessly integrates point-of-sale, mobile and eCommerce payments processing, inventory management and data analytics for merchants. And in 2013, the company acquired Century Payments, another nationally recognized leader in the payments industry. Worldpay will invest nearly $10 million in the relocation, which will begin in March 2015 and continue into 2016.
Early in December, the Atlanta City Council approved $1.5 million from the Invest Atlanta Economic Opportunity Fund to assist with the relocation.
"Today, our City is home to more than 40,000 payments processing jobs, strengthening our reputation as the technology capital of the Southeast," said Atlanta Mayor Kasim Reed. "I am delighted that an industry leader like Worldpay has chosen to relocate its U.S. headquarters, and more than a thousand well-paid jobs, to the City of Atlanta."
Worldpay will generate an estimated $3.4 million per year in new tax income and a total economic impact of $424.6 million, growing Atlanta’s thriving FinTech industry.
“We are pleased that Worldpay has selected Atlanta for its U.S. headquarters relocation, which brings new jobs to our region and expands our reputation as a hub for financial technology. This announcement is a testament to the strength of the FinTech sector here,” said Brian P. McGowan, executive vice president and chief operating officer of the Metro Atlanta Chamber. "We thank our partners at the Georgia Department of Economic Development and Invest Atlanta for their efforts to bring new jobs and investment to the region."
The company joins a number of major payments processing companies headquartered in Atlanta. FinTech company revenues in Georgia exceed $34 billion annually, ranking the state third nationally, behind only New York and California. Atlanta ranks No. 8 for fastest-growing employment market and No. 9 for concentration of payment processing workers.
"We are proud of the strength of the payment processing industry in Georgia," said Chris Carr, Commissioner of the Georgia Department of Economic Development. "Worldpay's decision to grow in Georgia speaks to their belief that we are the right place for them to remain competitive for years to come. With such supportive partners as Invest Atlanta, the Metro Atlanta Chamber, Georgia Power and the University System of Georgia, not only do we believe that Worldpay will find continued success, but the payment processing industry as a whole will too."
“As the leader in modern money, Worldpay intends to showcase Atlanta as a global payments capital by partnering with leading local academic and research institutions to attract the developers of next-generation mobile applications and point-of-sale solutions that integrate payments,” added Catalfano, who also chairs the American Transaction Processors Coalition (ATPC), which is based in Georgia. About 70 percent of all U.S. payments are processed annually in Georgia, and four of the top 20 American Banker FinTech 100 companies are headquartered in Georgia.
In addition to the $1.5 million City of Atlanta Economic Opportunity grant to help fund the relocation of its U.S. headquarters, Worldpay is eligible for other state incentives. Invest Atlanta partnered with the Georgia Department of Economic Development, Metro Atlanta Chamber and Georgia Power on the project. “We considered a number of states besides Georgia for this move but access to talent and innovation opportunities, combined with the hospitality, partnership and commitment to our vision for growing FinTech in Atlanta demonstrated by Mayor Reed, Governor Deal’s office, through the Georgia Department of Economic Development, the ATPC and CBRE were key factors in our decision,” said Catalfano.
Matt Ryder of Honour, Inc. served as location, labor and incentives consultant. Chris White and Brian Boyd of DTZ were tenant advisors and BoggsVickers are architects.
Worldpay is a leading global payments technology and services company, which allows merchants to accept payments anywhere in the world, across any channel. Headquartered in London and operating in over 30 countries, the company offers services across the entire payments value chain, including transaction capturing, merchant acquiring and transaction processing. In 2014, the business is expected to process a total of nearly 10 billion transactions with a value of nearly half a trillion dollars, making it one of the largest payments companies in the world. The company employs over 4,700 people in markets throughout the US, Europe and Asia. Worldpay is owned by private equity firms Advent International and Bain Capital alongside management and employees.
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