Transaction Network Services
| Company type | Private |
|---|---|
| Industry | Payments, financial services, telecommunications |
| Founded | 1990 in United States |
| Headquarters | United States |
Area served | Worldwide |
| Products | Networking solutions, integrated data and voice services for payments and financial institutions, telecommunications network offerings |
| Owner | Koch Equity Development LLC |
Transaction Network Services (TNS) operates as a privately owned global enterprise specializing in the payments, financial, and telecommunications industries. The company delivers networking solutions along with integrated data and voice services tailored for worldwide payments and financial institutions, in addition to providing telecommunications network offerings to service providers.
History
- 1990 – Established in the United States to support the point-of-sale and payments sector
- 1994 – Completed initial public offering on NASDAQ
- 1995 – Introduced the Telecommunications Services business unit
- 1996 – Began international expansion with new offices in the UK, Canada, and Ireland; initiated Financial Services division
- 1998 – Purchased AT&T's Transaction Access Service within the US
- 1999 – Expanded presence by opening offices in Australia, France, and Japan; commenced processing operations in the UK; listed on the NYSE; acquired by PSINet for $705 million (equivalent to approximately $1.1 billion in 2019)
- 2000–2002 – Established offices in Spain and Italy
- 2001 – Management team along with private equity firm GTCR Golder Rauner LLC repurchased TNS from PSINet
- 2003 – Acquisitions included Openet (Italy) and Transpoll Offline (UK)
- 2004 – Conducted initial public offering on the NYSE
- 2005–2007 – Grew through multiple acquisitions such as Connect Ro (Romania), Comms XL (UK), InfiniRoute Networks Inc. (USA), Sonic Inc. (USA), JPG Telecom SAS (France), and Dialect Payment Technologies (Australia); launched offices in India, Thailand, and South Korea
- 2008–2009 – Opened locations in Hong Kong and Singapore; acquired Verisign’s Communication Services Group (USA)
- 2013 – Established office presence in Taiwan; transitioned to private ownership following acquisition by Siris Capital Group LLC
- 2015 – Divested Call Authentication assets to Neustar
- 2016 – Secured investment led by Koch Equity Development LLC
- 2017–2019 – Expanded with new offices in New Zealand and the Philippines; acquired Advam, Link Solutions (Brazil), OpSiSe (France), and R2G (Chicago)
- 2021 – Ownership transferred to Koch Equity Development LLC through acquisition
- 2022 – Acquired AGNITY Global, Inc.; partnered with First Orion and Hiya alongside Neustar to advance enterprise call authentication standards
- 2023 – Completed acquisitions of BornTec’s managed hosting and colocation operations as well as West Highland Support Services