IP Solutions International
IPSI helps businesses optimise their online payment services and their customers’ digital experience and has provided online payment solutions and services to some of Australia’s largest organisations including Optus, IAG, HCF, Mastercard, Vocus, Latitude Financial Services, the ATO and the Reserve Bank of Australia. These solutions enable the transition to secure online digital services whilst reducing an organisation’s security compliance burden.
The company has built extensive connections into the global payments system and has its own scalable cloud-based payments platform (Enterprise Secure and Agent Secure) which is already processing billions of dollars of transactions per annum.
This platform is connected to all of the major banks and provides for card payments via online, mobile and telephony services. As well as simply processing the payments, it provides compliance with the major card security standards (mandated by Visa/Mastercard etc.) and unlike other systems provides a rich platform for the collection and analysis of payments data. It is easily configured or tailored to meet the needs of any organisation and to interface to its existing systems and workflow.
x10 Partners' Role
x10 Partners assisted IPSI in making the transition from a systems integrator/reseller to becoming a technology-based company with its own intellectual property and unique solution.
This included exiting previous arrangements, negotiating a process for accelerated technology development and helping to build a high-performance technology focused team.
This required a major pivot in thinking and outlook as to the company’s direction but underpinned the creation of enterprise value and created the foundation for external investment and a substantial exit pathway for the founders.
Testimonial
"x10 Partners brought invaluable insight and experience to our business, guiding us through critical inflection points, strategic planning, and detailed execution of our core objectives. Their expertise helped us craft clear, actionable plans across short, medium, and long-term horizons – all aimed at maximising enterprise value and preparing for a successful exit."
- Eric Maya, Co-founder
Journey Timeline
IPSI launches as a reseller of online payment services.
IPSI managed clients including IAG, Optus, Virgin Mobile, ATO and Reserve Bank processed $12B in payments, IPSI achieves $3.9M revenue.
With assistance from x10, IPSI sells part of its customer portfolio for $5m which is reinvested to develop a next generation payments platform.
x10 works with IPSI to develop a plan to create and realise long term enterprise value.
x10 helps IPSI negotiate access to external IP and development services to accelerate IPSI’s product path to market.
IPSI launches Enterprise Secure and Agent Secure, fully operational and certified to the relevant payment security standards
$2.4B value of transactions are processed on Enterprise Secure platform over past 12 months.
x10 Partners assist IPSI with a significant capital raise from diversified investors to underpin further growth.
IPSI sells a majority holding in its payments business to Salter Brothers Equities in order to unlock a new phase in its growth strategy and to address international opportunities for expansion.
IPSI acquired by Commonwealth Bank of Australia (CBA).