Interview: Search pays off for Lyon as Realex Payments sells for €115 million

22nd April, 2015
Interview: Search pays off for Lyon as Realex Payments sells for €115 million
Not that Lyon is ready to put his feet up, as he admits he will be “back to work on Monday”. As part of the deal, Lyon will take the company’s growing personal payment business, Realex Fire, with him. Fourteen staff will stay with Lyon as he retains the ownership of the early stage company and works in partnership with Global Payments to develop new products. The company will be rebranded as Pay With Fire, and Lyon has said he will weigh up options on bringing in investment to grow the business.Colm Lyon, founder of Realex, will remain as non-executive director Picture: Feargal Ward

In an interview with this newspaper last July, Colm Lyon broached the concept of raising cash to grow Realex, the business he founded and has run since 2001. “It’s like dating,” he said. “If we found the right girl. . .”

Within a few months, Lyon had found his perfect match. Rather than an investor, however, Lyon found a buyer as the Nasdaq-listed firm Global Payments put €115 million on the table.

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