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10 December 2014

Atlanta Uses $1.5 Million Grant to Lure Worldpay U.S. Headquarters to Atlantic Station

Worldpay, a leading global provider of payments technology and services to merchants, partners and developers, announced this week it will relocate its U.S. headquarters and 671 employees to Atlanta’s Atlantic Station and add 600 jobs over the next four years to keep pace with its rapid expansion.

Worldpay will occupy 130,000 square feet over six floors of the 201 17th Street office building located in Atlanta’s Midtown business district, the company has confirmed, following a competitive national search for the location best suited to support its growth objectives.

“We considered a number of states besides Georgia for this move but access to talent and innovation opportunities, combined with the hospitality, partnership and commitment to our vision for growing FinTech in Atlanta demonstrated by Mayor Reed, Governor Deal’s office, through the Georgia Department of Economic Development, were key factors in our decision,” said Worldpay US CEO Tony Catalfano.

Worldpay received a $1.5 million City of Atlanta Economic Opportunity grant to help fund the relocation of its U.S. headquarters, and is eligible for other state incentives. Invest Atlanta partnered with the Georgia Department of Economic Development, Metro Atlanta Chamber and Georgia Power on the project.

Worldpay will invest nearly $10 million in the relocation, which will begin in March 2015 and continue into 2016.

“Atlanta is the epicenter of financial services technology with access to innovative talent, infrastructure and creative business which positions us best for continued growth,” said Catalfano.

About 70 percent of all U.S. payments are processed annually in Georgia, and four of the top 20 American Banker FinTech 100 companies are headquartered in Georgia.

Worldpay is owned by private equity firms Advent International and Bain Capital alongside management and employees.