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Category 5 Technologies reels in Swiss company

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Salt Lake-based Category 5 Technologies Inc. said Tuesday it has completed its acquisition of Transaxis SA, a Swiss company with offices in Geneva, Switzerland, and London.

Terms were not announced.

Transaxis provides brick-and-mortar and Internet-based businesses with advanced payment processing technology and products.

The acquisition gives Category 5 access to payment processing and fraud detection technology for incorporation into its suite of products and services it will sell to small and medium-sized businesses in England and Europe.