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Intrix Acquires Centauris Solutions and Names Roger Arora Chief Financial Officer


Intrix Acquires Centauris Solutions and Names Roger Arora Chief Financial Officer

ROSEVILLE, CA -- (Marketwired) -- 09/19/13 -- Intrix Technology, Inc. (Intrix) (www.intrix.com), a leading payment processor, announced today that it has acquired Centauris Solutions, an IT, telcom and payment services solutions provider for medium and enterprise-sized businesses based in Denver, Colorado. Centauris will become a fully integrated part of Intrix.

The company also announced that Centauris founder, Roger Arora, has been named to the new post of Chief Financial Officer. Arora is a well-recognized leader with nearly 25 years of experience. He will be responsible for designing and implementing world-class operating and financial systems for Intrix.

The acquisition of Centauris will enable Intrix to become a leading processor in several key verticals including high technology and healthcare, both fast-growing markets. The acquisition will also give Intrix the opportunity to foster strategic industry alliances in these market segments.

Part of Intrix' strategic growth plan includes a focus on various verticals and the acquisition of Centauris aligns perfectly with that objective. Intrix will acquire Centauris businesses and assets, its employees and customer relationships, including strategic accounts in various sectors.

"Centauris was the perfect complement to expand our footprint. The acquisition will create substantial value for Intrix and its customers by bolstering its best-in-class merchant services technology, solutions, and programs necessary to foster growth and maintain a competitive edge," said Jeffrey Connors, Chairman and CEO of Intrix. "And, we are pleased that Roger has assumed this leadership role. He has the right mix of keen analytical skills along with decades of accounting and operations experience to oversee more complex financial systems and transactions needed to help us navigate the company's growth."

Prior to Centauris, Arora was director of merchant services for Mercury Payment Systems, a provider of payment processing and revenue generating solutions. Previously, he held financial and operational leadership roles for more than 14 years with Diner's Club International/Discover Financial Services. His earlier experience includes positions with former Big Four accounting firm Arthur Andersen and various companies in the high technology and aerospace/defense industries.

Arora earned an MBA from the University of Colorado in Boulder and a bachelor's degree in business administration from the University of Texas at Austin. He will be based in the company's Westminster, CO office.

About Intrix Technology, Inc. Intrix Technology, Inc., a leading technology enabled registered Independent Sales Organization, delivers innovative payment-processing solutions for developers, enterprises, retailers, processors and sales organizations. The company's offerings include the Intrix Payment Gateway, a software-as-a-service solution for processing payments and storing sensitive payment data; Intrix QuickBooks, an accounting plug-in; Intrix Electronic Bill/Invoice Presentment and Payment, a Web-based billing and payment processing system; and Intrix merchant Services, a merchant acquirer/provider of credit card processing services. www.intrix.com

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Media Contacts:

Carol Felton InsightCircle PR T: 408.807.3780 carol.felton@insightcirclepr.com

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