Cameron Bready: Yes, well let me start by saying we are a vertical specific ISV in our POS business, so we have a retail platform and we have a restaurant platform that we go to market with, with vertical fluency, with all the software you need to run a restaurant or run a retail environment at the point of sale, so that is our moat of competition in that space. We’re not a horizontal solution provider competing against vertically specific ISVs, we are a vertically specific ISV that owns our own software that we deliver through the point of sale system across restaurant and retail. I think that’s really why we’re seeing the growth that we’re seeing in that business. We have cloud-based software that is vertically fluent.
I think our platforms are modern, they’re sleek, they’re well designed, we bring all the feature functionality that restaurants and smaller retail environments need to run their operations, and as I mentioned in my prepared remarks, we’re rolling out our next generation version of that later this year, that we think is going to be an incremental catalyst to continue to grow and scale our point of sale business as we move forward in time. The nice thing about our point of sale business is we have multiple distribution channels now selling our point of sale platforms. We’re seeing good growth – you know, 20% plus, and that number has been pretty consistent over probably the last eight quarters. As it relates to the growth we’re able to achieve in that business, I’ll readily admit it’s off a relatively small base – that business today is a couple hundred million dollar revenue business, but we do think it continues to be, or will continue to be a catalyst for growth in the overall merchant business over a longer period of time.
Will Nance: Got it. Yes, it looks very strong trends. I appreciate you taking the questions today.
Cameron Bready: Absolutely, thank you.
Operator: Thank you. Our final question will come from the line of Bryan Keane with Deutsche Bank. Please proceed with your question.
Bryan Keane: Hi guys, good morning, and congratulations on the solid results. I wanted to ask about the EVO acquisition at close, it’s first full quarter and it’s off to a good start; but Cameron, your comments are suggesting you’re even more excited about it today. Maybe now that you’ve had the company under your belt for several months, can you talk about what might be exciting you even more than you anticipated?
Cameron Bready: Yes, maybe I’ll start, Bryan, and I’ll ask Josh to chime in with his perspectives as well. I am more excited about the opportunity, largely because as we’ve been able to spend more time with the individual businesses and we’ve been able to spend more time in the markets where EVO operates in, where we’re not overlapping at the time of the transaction, I think I’m just much more bullish the opportunity to be able to bring Global Payments’ capabilities to those markets to drive incremental growth in those businesses, to leverage some of the things that EVO has done well in those markets, but really amplify that and accelerate what they’re doing with better product, better capability, and better solutions.
A few examples of that are really ecomm – I think by and large, EVO’s ecomm capabilities were not market leading by any stretch of the imagination. I think bringing our ecomm solutions into these markets, particularly markets like Poland and Greece, is going to be a very strong catalyst for growth in those individual markets. Point of sale opportunities are immense within their portfolio. EVO really provided by and large just payment solutions to merchants, they didn’t have a lot of other product and capabilities that they could bring to bear on the markets, so bringing more point of sale software into these markets is an attractive opportunity for growth, bringing some of our data and analytic capabilities and some of our other loyalty platforms into these markets, I think are excellent opportunities to augment growth.
