Transaction Network Services

Transaction Network Services

Company type	Private
Industry	Data communications
Founded	1990
Headquarters	Reston, Virginia , United States
Number of locations	60+ countries
Areas served	North America South America Europe Asia-Pacific
Key people	Mike Keegan Dennis Randolph Mark Cole Jim McLaughlin
Revenue	$409.1 million (2019)
Number of employees	1000+
Website	www.tnsi.com

Transaction Network Services (TNS) is a privately held, multinational company in the payments, financial and telecommunications industries. TNS is the supplier of networking, integrated data, and voice services to many organizations in the global payments and financial communities, as well as a provider of telecommunications network solutions to service providers.

History

• 1990 – TNS founded in the US to provide services to the point-of-sale/payments industry ^[1]
• 1994 – Initial public offering – NASDAQ listed ^[2]
• 1995 – TNS' Telecommunications Services division launched
• 1996 – International offices launched in the UK, Canada and Ireland and TNS' Financial Services division launched
• 1998 – Acquired AT&T's Transaction Access Service (USA)
• 1999 – Offices opened in Australia, France and Japan. Processing services launched in the UK. Listed on the NYSE.
• 1999 – Acquired by PSINet ^[3] for $705 million (US$1.1 Billion (2019))
• 2000 – Office opened in Spain
• 2001 – Management, in conjunction with private equity firm GTCR Golder Rauner LLC, bought back TNS from PSINet ^[4]
• 2002 – Office opened in Italy
• 2003 – Acquired Openet (Italy) ^[5] and Transpoll Offline (UK) ^[6]
• 2004 – Initial Public Offering – NYSE listing ^[7]
• 2005 – Acquired Connect Ro (Romania)
• 2006 – Offices opened in India, Thailand and South Korea. ^[8] Acquired Comms XL (UK), ^[9] InfiniRoute Networks Inc. (USA), Sonic Inc. (USA) and JPG Telecom SAS (France)
• 2007 – Acquired Dialect Payment Technologies (Australia) ^[10]
• 2008 – Offices opened in Hong Kong and Singapore
• 2009 – Acquired Verisign's Communication Services Group (USA) ^[11]
• 2013 – Office opened in Taiwan. TNS acquired by Siris Capital Group LLC in a take-private transaction ^[12]
• 2015 – Sells Call Authentication assets to Neustar ^[13]
• 2016 – Received investment led by Koch Equity Development LLC ^[14]
• 2017 – Offices opened in New Zealand and the Philippines
• 2018 – Acquired Advam
• 2019 – Acquired Link Solutions (Brazil), OpSiSe (France), and R2G (Chicago)
• 2021 – Acquired by Koch Equity Development LLC ^[15]

References

1. "Founder, Chairman, and CEO of Transaction Network Services Named Entrepreneur of the Year by Rensselaer – News & Events".
2. "TNS INC (TNS) IPO".
3. Deogun, Nikhil; Journal, Thomas E. Weber Staff Reporters of The Wall Street (23 August 1999). "PSINet Agrees to Acquire Transaction Network Services". Wall Street Journal.
4. "Same as it ever was at TNS". 3 January 2002.
5. "TNS Italy acquires Openet". 1 April 2003.
6. "Acquisition of Transpoll Offline for TNS (TNS)".^{[ dead link ]}
7. "TNS Prepares to Make Initial Public Offering (washingtonpost.com)". The Washington Post .
8. "TNS extends secure trading network throughout SE Asia". 3 May 2006.
9. "TNS looks to buy in channel – CRN".
10. "TNS acquires Australia's Dialect Payment Technologies". 19 June 2007.
11. "TNS Set to Purchase a Division of VeriSign". 9 March 2009 – via washingtonpost.com.
12. Turner, Nick. "TNS Agrees to Be Bought by Siris Capital". Bloomberg News .
13. "Neustar pays $220M for caller authentication business". 9 September 2015.
14. "Koch Equity invests in Transaction Network Services". 12 January 2016.
15. "Koch Equity Development Affiliate Enters Agreement to Acquire Transaction Network Services, Positioned For Strategic Growth" (Press release). 14 April 2021.