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Abonner Retail Decisions (ReD)

Retail Decisions (ReD)

On Top Down Under - ReD Australia Sells for AUD 353 Million (EUR243 Million)

London, July 30, 2010 (ots/PRNewswire)

After impressive growth, Retail
Decision's (ReD) Australian fuel card and pre-paid businesses have
expanded from modest minnows to market leading enterprises.
The announcement of the sale of ReD's Australian concerns to US
fleet and corporate card specialist Wright Express Corporation for
AUD 353 million reflects the substantial progress made under ReD's
leadership and expertise, to its value today as a highly lucrative
and desirable acquisition.
In the ten years since ReD bought the Australian fuel card
business, the company has flourished, with its management team
steering it to increasing levels of profitability and impressive
business growth, to become the premier multi-branded fuel card
service in the country. This success was matched with the energising
of the pre-paid card business ReD bought five years ago, with the
company taking it from loss-maker to the fast growing and profitable
market leader that it is today.
The value of these market-leading assets under ReD's management
is recognised with this move. Meanwhile, ReD will continue to
concentrate on its proven expertise in fraud prevention across the
globe, including Australia.
As one of the world's foremost providers of payment fraud
prevention, ReD will continue to develop and internationalise its
business, and is excited by the prospect of on-going expansion into
emerging markets in the future, using the same expertise which
nurtured ReD Australia to its current value.
Carl Clump, CEO of ReD, said: "The astounding growth of our
businesses in Australia is a credit to all our staff over the years,
and I would like to thank them all very publicly. Under ReD's
management our Australian Fuel Card business has gone from being the
number three multi-branded fuel card to being the market leader.
Additionally, its profitability has increased some 15 fold over that
ten year period.
Since 2005, when ReD bought its pre-paid business in Australia,
the business has grown from a small loss-making concern to a
profitable and rapidly growing market leader with a dominant market
share. These are two excellent assets which will continue to go from
strength to strength under Wright Express's ownership.
ReD will now put all its efforts behind its renowned,
international payments fraud prevention business. We are very excited
about the opportunities ahead of us on a global basis for our fraud
prevention activities"
About Retail Decisions
Retail Decisions (ReD) is a world leader in card fraud prevention
and payment processing. A specialist supplier to the payments
industry worldwide, ReD has over 20 years experience in the fraud
prevention market. Its blue-chip international clients come from the
global telecommunications, retail, travel, petroleum, banking and the
broader e-commerce sectors. They include Wal-Mart, Macy's,
Bloomingdale's, Sears, Tesco, Texaco, Shell, Asda, Boots, John Lewis,
The Carphone Warehouse, Comet, Travelocity, T-Mobile and Virgin
Mobile. The company has offices in the United States, UK, Mainland
Europe, Australia, China and South Africa with representation in
India, Japan, and South America.
More information about ReD please visit: http://www.redplc.com
Palamon Capital Partners
Palamon Capital Partners is an independent private equity
partnership founded in 1999 and focused on providing equity for
European growth services companies. Palamon originates, executes and
manages investments across Europe. The firm targets investments in
companies where the partnership's experienced investment
professionals can provide strategic direction and help build equity
value.
The Firm manages Palamon European Equity and Palamon European
Equity II, capitalised at EUR1.1 billion. This makes one of the
largest pools of private equity capital dedicated to growth
investment opportunities in Europe's mid market arena.
For more information on Palamon refer to http://www.palamon.com
About Wright Express
Wright Express is a leading global provider of payment processing
and information management services. Wright Express captures and
combines transaction information from its proprietary network with
specialized analytical tools and purchasing control capabilities in a
suite of solutions that enable fleets to manage their vehicles more
effectively. The Company's charge cards are used by commercial and
government fleets to purchase fuel and maintenance services for
approximately 4.5 million vehicles. Wright Express markets its
services directly to fleets and as an outsourcing partner for its
strategic relationships and franchisees. The Company's business
portfolio includes a MasterCard-branded corporate card as well as
TelaPoint, a provider of supply chain software solutions for
petroleum distributors and retailers, and Pacific Pride, an
independent fuel distributor franchisee network, as well as
international subsidiaries. For more information about Wright
Express, please visit wrightexpress.com.
Retail Decisions Ltd Contacts:
Carl Clump, CEO
    Tel : +44(0)1483-794926
    Email :  ceo@redplc.com
    Kami Boyer
    Head of Group Marketing
    Tel: +44(0)7900-577276
    Email:  kboyer@redplc.com
    Angela Yore
    PR Office
    Mobile: +44(0)7738-822956
    Tel : +44(0)1625-525-441
    Email :  angela@skyparlour.com

Contact:

CONTACT: Carl Clump, CEO, Tel : +44(0)1483-794926, Email :
ceo@redplc.com;Kami Boyer, Head of Group Marketing, Tel:
+44(0)7900-577276, Email:kboyer@redplc.com; Angela Yore, PR Office,
Mobile: +44(0)7738-822956, Tel: +44(0)1625-525-441, Email :
angela@skyparlour.com