Transaction Network Services Company type Private Industry Data communications Founded 1990 Headquarters , United States
Number of locations
60+ countries Areas served
Key people
Mike Keegan Dennis Randolph Mark Cole Jim McLaughlin Revenue $409.1 million (2019) Number of employees
1500+ 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]
2022 – Acquired AGNITY Global, Inc.[ 16] ; First Orion and Hiya joined Neustar and TNS to develop enterprise call authentication standards.[ 17]
2023 – Acquired BornTec’s managed hosting and colocation business.[ 18] ; Acquired West Highland Support Services.[ 19]
References