Financial and payment system developer BUFFORT Inc. acquired and joins GMO-PG consolidated companies
～ Enhancing our system development capability to achieve sustainable
growth through businesses expansion～
April 1, 2021
GMO Payment Gateway, Inc.
GMO Payment Gateway, Inc. (GMO-PG) of the GMO Internet Group, which develops comprehensive payment-related services and financial services, has acquired all the outstanding shares of BUFFORT Inc. (Buffort) on April 1, 2021.
GMO-PG aims to resolve social issues and create value for customers as well as continue its "Operating Profit growth of over 25% every year" by expanding the payment services through further enhancement of system development capability together with Buffort.
The need to secure IT talent is growing in importance in Japan in order to bring out further advancement and diversity through IT deployment as well as contribute to productivity improvements through innovative efficiencies and value creation.（*）
GMO-PG is also focused on recruitment and talent development of engineers and to strengthen its technology and development capability, which is a key part of enhancing system development human talent in the areas of DX, FinTech and Cashless. This is critical for GMO-PG to achieve the target of "Operating Profit growth of over 25% every year" and to support the customer's growth through payment and financial services.
Buffort's expertise is system development in financial and payment areas, with a track record of developing network architecture and systems for credit card companies affiliated to retail companies, core payment systems for credit cards, renewals of website for card-members and various other projects in these areas. GMO-PG has been working collaboratively with Buffort in developing new services for few years and has high acclaim of Buffort's system development capability.
Given this background, GMO-PG has acquired and incorporated Buffort into the Group, to further enhance the system development capability in order to realize sustainable growth by leveraging Buffrort's vast track record and expertise in system development in financial and payment areas.
* Mizuho Research and Technologies, Ltd. (formerly Mizuho Information and Research Institute), "Study of Recent Trends and Future Estimates Concerning IT Human Resources" (March 2019)
https://www.meti.go.jp/policy/it_policy/jinzai/houkokusyo.pdf (Japanese Only)
Buffort develops payment systems by leveraging its know-how and cutting-edge technology in financial and payment areas. The track record in developing and renewing enterprise systems includes network systems for credit card companies, core payment systems and various systems developments for both credit card and non-credit card transactions.
|Name of Company||BUFFORT Inc.|
|Location||West Hill 5F, 2-24-4 Nishigotanda, Shinagawa-ku, Tokyo 141-0031|
|Representative||Hiroyuki Akiyama, CEO|
■Payment system consulting
■Payment system development consulting
■FinTech system development
|Capital||30 Million Yen|
|Established||September 13, 2010|
【GMO Payment Gateway】
GMO-PG provides comprehensive payment-related and financial services to over 150,000 merchants including online operators, NHK, National Tax Agency and, the Tokyo Metropolitan Government GMO-PG's annual transaction value exceeds ¥6.4 trillion (GMO-PG consolidated companies total, as of end-December, 2020) mainly from providing payment processing services, in addition to value-added services to contribute to the merchant's growth and payment methods and funding that utilize financial technology.
As the leading companies in the payment industry, GMO-PG provides payment infrastructure such as payment and financial solutions and platforms to financial institutions and business operators that are adopting cashless payment and digital transformation (DX). GMO-PG is also pursuing global expansion through strategic lending and investment and payment-related services to overseas operators.
GMO-PG aims to build out the payment infrastructure that is secure and convenient by driving further innovation.
(In the event of any discrepancy between the original and the English version, the Japanese version shall prevail.)