Austin Ventures has announced the acquisition of three companies and the subsequent formation of Century Payments Inc. (“CPI”) in partnership with CEO-in-Residence Robert Wechsler.

The new company, headquartered in Dallas, Texas, will focus on providing growth capital strategic assistance to merchant service providers (“MSPs”) and on building best-in-class sales forces to support our network of distribution partners. AV has committed up to $50MM of equity capital to support management’s strategy of additional acquisitions and organic growth. Mr. Wechsler will lead the new organization as its President and Chief Executive Officer.