CDS Global acquires PayDQ

PayDQ is excited to announce that we have been acquired by CDS Global, a leading provider of outsourced business solutions.

CDS Global has been supporting companies in multiple industries for nearly 40 years and is a wholly owned subsidiary of Hearst Corporation, one of the largest diversified media companies in the world. The company serves the publishing, nonprofit, utility and consumer product industries with end-to-end solutions including a wide range of eCommerce, payment processing, data capture, marketing, order management and fulfillment services. Corporate headquarters are located in Des Moines, Iowa, with facilities and office locations across the globe.

The integration of PayDQ is a critical step in CDS Global’s vision to become the leader in fully integrated bill presentment and payment (IBPP) solutions with the interest, intent and tools to increase paper-to-electronic conversion. As part of the CDS Global team, we will provide the option of a single vendor solution, eliminating the complexity of multiple vendors and allowing for a single access point to client data. With a full spectrum of payment services, including traditional lockbox and remittance processing, advanced imaging solutions, data capture, bill printing and lettershop, customized communications, and customer service, together we are committed to delivering solutions that save our clients money and help them better serve their customers.

PayDQ will assume the CDS Global name, and our staff and current office in Council Bluffs, Iowa, will be retained.

This acquisition is a very exciting move for both PayDQ and CDS Global. We are dedicated to our clients’ success, and this integration is our latest commitment to expand and improve services for our valued customers.

To view our press release announcing this acquisition, visit cds-global.com/newsroom.

Sincerely,

Kathy Norgaard
President and CEO
PayDQ