July 20, 2018
Sphere Payments, LLC Appoints Steve Rizzuto as Chief Executive Officer
Nashville, TN, July 20, 2018 —Sphere Payments, LLC, a leading provider of end-to-end integrated payments and security software, is pleased to announce Steve Rizzuto has been named Chief Executive Officer of Sphere Payments. Andrew Rueff will remain as Executive Chairman.
In 2017, Waud Capital Partners acquired and combined TrustCommerce and Anovia Payments, creating Sphere Payments. Sphere Payments provides integrated payment solutions for enterprise customers and medium to small merchants in healthcare, education and transportation, as well as other select verticals. The company’s solutions deliver a comprehensive single source for simple, secure, frictionless payment processing and advanced security technology.
“I am excited to have Steve Rizzuto assume the role of Chief Executive Officer of Sphere Payments,” said Andrew Rueff, Executive Chairman of Sphere Payments. “Steve is a proven leader and has a long and established career of leading successful integrated payments and technology growth strategies while providing best in class services to his customers. Steve’s leadership capabilities are a perfect fit for the next phase of Sphere Payments evolution as we build the company into a world class integrated payments company within key verticals.”
As Chief Executive Officer, Rizzuto will shape the strategy of Sphere, while providing operational expertise as the company builds upon its leading technology and products in the integrated payments sector. He brings more than two decades of executive experience serving the electronic payments industry in organizations such as TransFirst, TSYS, and First Data.
About Sphere Payments, LLC
Sphere Payments, LLC, through the acquisitions of TrustCommerce and Anovia Payments, is a leading provider of end-to-end integrated payments, security software, payments gateway and merchant acquiring products and services. Sphere Payments serves large, complex enterprises to small local businesses across a range of end-markets, including healthcare, restaurant, retail, parking, education, transportation, and insurance.
About Waud Capital Partners
Based in Chicago, Waud Capital Partners is a leading growth-oriented private equity firm with total capital commitments of approximately $2.1 billion since its founding in 1993. Waud Capital partners with exceptional management teams to build market leading companies within two industries: healthcare services and business and technology services. Since its founding, Waud Capital has successfully completed more than 240 investments, including platform companies and follow-on opportunities.
For additional information on WCP, visit www.waudcapital.com.
For Further Information:
Matt Clary, Partner
Waud Capital Partners