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.
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 Worldpay US CEO Tony Catalfano.
Just last month, Worldpay US announced its intent to acquire SecureNet Payment Systems, a market leader in multi-channel commerce technology that seamlessly integrates point-of-sale, mobile and eCommerce payments processing, inventory management and data analytics for merchants. And in 2013, the company acquired Century Payments, another nationally recognized leader in the payments industry.
"As the leaders in modern money, Worldpay intends to showcase Atlanta as a global payments capital by partnering with leading local academic and research institutions to attract the developers of next-generation mobile applications and point-of-sale solutions that integrate payments," added Catalfano, who also chairs the American Transaction Processors Coalition (ATPC), which is based in Georgia.
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 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.
"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, the ATPC and CBRE were key factors in our decision," said Catalfano.
Matt Ryder of Honour, Inc. served as location, labor and incentives consultant. Chris White and Brian Boyd of DTZ were tenant advisors and BoggsVickers are architects.
