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FIFTEEN YEARS AFTER founding his online-payments company Realex Payments, Irish entrepreneur Colm Lyon is reaping the rewards.
Yesterday it was announced that New York-listed Global Payments had bought the Dublin-based firm in a deal worth €115 million – most of which will flow to the chief executive.
As of the end of last year, Lyon and his wife Niamh owned nearly 75% of the company’s shares, putting the pair in line for a potential €85-million plus return.
Realex, which employs 170 people across its offices in Dublin, London and Paris, will now be run under the wing of the Atlanta-headquartered company – which is worth $6.1 billion on the stock market and has 4,200 staff worldwide.
It will continue trading under the Realex name, although Lyon will stand down from his post as company chief executive as part of the deal.
In a blog post, he paid tribute to those who kept the faith in the early days of the company and helped get the fledgling firm off the ground:
For many on the Realex Payments journey, there will be some looking back to the early days, to the time when we couldn’t raise money, when family, friends and associates stepped in and provided us with the support we needed to get a basic service up and running. Asking for help was one of the best steps we took.”
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Lyon and Realex Payments management
‘Great news for Ireland’
According to the company’s last annual accounts, it turned over some €18.1 million and delivered an operating profit of €2.1 million for the year to April 2014.
That was a 27% increase in revenue on the previous year and a 67% rise in profits, with the vast bulk of the money coming from its trade in the UK and Ireland.
The company provides payment-processing services for companies selling online, including Virgin Atlantic, Paddy Power and the Automobile Association.
In a statement yesterday, Lyon said the announcement was “great news for our customers, for our employees and for Ireland”.
For Realex Payments’ existing 12,500 merchants, this deal means they can avail of Global Payments unmatched international presence, entering new markets and driving their global ecommerce business like never before,” he said.
“And for Realex Payments’ staff, the diversity of opportunity that comes with the deal is enormous.”
Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article.
Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.
@David Cotter: It’s not Stockholm syndrome but intelligent voters. They don’t want the country run by the Ard Comhairle ( aka the Army Council ). Let SF in their own country solve the problem of half a million waiting for first consultant appointment and complete the maternity hospital before trying to usurp the government here.
@David Cotter: You do realise that possibly subconsciously you have put your own spin on that ,maybe it’s choice ,not yours but choice none the less ,hey it is what it is…
@David Cotter: For a lot of people I think it’s the poor alternative available,a case of better the devil you know,personally speaking I think sf leading a left coalition government would be a disaster for the country.
@David Cotter: so compliant….that must be why we were continually invaded…dominated and ruled over from the Vikings to brits to the church And now FFFG.
@ItWasLikeThatWhenIGotHere: The “below average intelligence” people, as you so nicely put it are obviously voting for the same shower of f00ls who have been wrecking this country for years. The “far right” don’t exist, anyone who buys into that notion is “below average intelligence”. Google Adolf Hitler if you want to know what far right is, you sad little girly.
@David Cotter: these comments always tickle me I must say. Talk about some hyperbole. Ireland has its problems. Same as every single country in the world. But it’s not like the country has made massive strides in the last 100 years. Not like we are one of the wealthiest countries in the world now. But keep beating the doomsday drum. It’s amusing.
@Dave G Doe: you seem to be saying democracy is perfect, it’s the best system we have but it’s not perfect, coalitions with small parties wagging the dog is ludicrous, yes it’s our own fault but I’d rather we didn’t have minorities with so much power
@David Cotter: get rid of elections waste of time .Same government for the next 100 years .Irish people must have a very low IQ .no people in Europe would tolerate the crap that’s being done to this country.emigration is something I’m seriously considering don’t want my kids growing up in this country
@David Cotter: the Nazi party was indeed voted in and there ended democracy because they ruled absolutely, destroying democracy in prewar Germany. Something, thankfully, that none of the normal parties here have ever hinted at. That said, smaller parties like Independant Ireland with their far right views, and Irish Freedom who want an Irish version of Brexit, scare me because if either of them got in to government, and got what they wanted, ( and remember the Greens wielded that kind of power last time around) ,would put Ireland back to being a 3rd world country, like we were before our participation in the EU.
@Vincent Alexander: is this the same country that you are sending bus loads of people every week so they are getting a eye operation that saves their sight because your govt can’t do it for them ??
By the way the north is Irish not a foreign country , bootlicker
@Shaun Gallagher: liebours true value’s? Dick spring, ruairi Quinn, pat rabbit, Gilmore, Burton, champagne socialists, WHENEVER did they represent ordinary people, the answer is never!
When we laugh at the brits or yanks voting ever again, please remember this country just says hold my potatoes and lube me up and repeatedly votes in the same mob who are responsible for the country being handed over to the IMF, paying back debts that wasnt ours, health, transport and housing an expensive disaster…..and lets not even talk about the complete carnage with immigration
Ya I always thought murica voters were bad believing the nonsense and electing the same useless mob, but Ireland just went one better
@Patrick Newell: we are the thickest race of people in the world! The sheep forgot about the bike shelter, security hut, children’s hospital, etc., Etc, unintelligent phucks
@sean weir: yeah I voted .and I voted for change . I can’t understand how they got back in . everyday going to work I’m walking past human beings sleeping on cardboard in doorways . I now know that we don’t care about these people they are not human in the eyes of the Irish people .we don’t even protest against the plight of these misfortune people .I’m so ashamed of my people for voting that shower back in . I’m renting and I’m terrified I could end up like them as rents are out of control . And latestest figures show homeless is on the rise .anyone renting is in big trouble after this election if them 2 form a government which they will
@Conor O Keeffe: just because the majority didn’t vote as you did, does not make it an undemocratic process. You have to remember that those topping the polls have proven themselves to their constituents. Look at Lowry in Tipperary and the Healy-Raes in Kerry, independent candidates that may not have much influence, but have proven themselves. Now look at how the Greens have nearly been wiped out because of the policies they brought in.
@Johnny Wilson: FG and FF all they have to do is join forces and nobody can get in . Second time this has happened . We should just stop doing elections waste of tax payers money .we know the result just like the Russians and the Chinese do . They will rule for another hundred years . I ask a friend why he didn’t vote he said Theyl just join forces again so what’s the point in voting.every knew they’d get in absolute joke of a country and a stupid people . I won’t be voting again don’t believe in Irish democracy any more
@Glen Kelly: Irish people are smarter than the media meddlers that are bored with stability and prosperity. The chaos and poverty of failed states politics is more exciting to fill newsprint. They want 100 years of turmoil to replace the 100 years of hard won progress. They won’t get it.
@Glen Kelly: are you one of these people that thinks everyone should agree with what you think? People vote the way they want to not the way you want them to
@Glen Kelly: If your life is going well and your family and friends are in good jobs, have homes etc then why would they want to risk that? There is a silent majority who don’t spend their time on the journal who are happy in life. It’s not about a lack of guts or bottle. I know some people can’t understand that as they believe everyone should be thinking the same as they do.
@Glen Kelly: I didn’t even say who I voted for. Some people obviously quite a lot of people are happy with the way they are so that’s the way the vote is going
@Glen Kelly: Willie O’Dea and Patrick O’Donovan in Limerick,just saw O’Donovan on the TV surrounded by his supporters,not one of them under 70 ,our country is completely fecked mainly due to empathy and such a low turn out
@sean weir: it’s shameful such a low turn out .I’ll never vote again what’s the point .it’s the same government all time no change never has and never will .
Too many TD’s, 174 is way too many. We need reform of the numbers & to get rid of the Seanad & Presidency, too many leaching off the teat of the Taxpayer & yes I did vote to get rid of the Seanad previously. We have elected people in the past who even went on holidays during the Election ! We need more accountability from politicians & instead of appointing more TD’s, they should increase the number of Ministers, to give priority to certain areas, such as Disabilities, Carers etc. If Ireland & all its political class don’t reform & change, implement transparency, be accountable & stop the Spin, the people are going to change it for them.
Its absolutely amazing that the people have rejected SF its time for Mary Lou to step down she is doing nothing for them. Well do me the majority of Ireland rejecting SF hate.
Am I missing something here, a few weeks ago the 10 year old chicken choking bots on here said the shinners would barely get any votes and FFG would run away with it
Now this morning it’s oh ya they still did bad even though they got the same as FF6. Did they do badly or is it a case even if they do good it’s still bad in the eyes of the FFG cultists
@Cst2eu: they have been the main opposition party for the last five years, but according to the exit poll their vote share has fallen, and lord knows, there are plenty of reasons not to vote for the outgoing government
@Robert Halvey: define change? It would appear the majority of people in Ireland are satisfied enough to vote for whom they believe are best suited to running the country. An uncomfortable truth to some
@Temp Stuff: you do realize that in 1916 the majority of Irish people were ok with the British govt telling them what to do .
The serf mentality Michael Collins called it
Sickens me that Harris looks like likely to retain his seat. No consequences for his behaviour or attitude during this campaign or his time in government.
It’s called control of the media narrative. It’s called party politics.
It’s called refusal to listen to the voices of the people and spit out lies and inaccuracies in order to remain in power.
Above all, it’s called democracy.
@Dr Strangerly: how is it refusal to listen to the voices of the people, when it is the people who have the vote? It’s alternative are monarchy and dictatorships.
Yep, it’s likely FF to leap frog back in.. (I’d much rather see a radical change, too, like alot of you on here).
Go back to bed Ireland, your same ole government has it(€25bn budget surplus but we can find more ways to hoodwink you- the tax dozy payer) under control. Nothing to see here, move on. Business as usual…
Friends of FF in leafy suburbs with 2x 80k cars in driveway, non existent energy bills etc, tell your child minder, gardener, milkman, window washer… to work harder! Govt. purse doesn’t fill itself.
@wwvCLOuF: so in your imagination FF is a rich man’s party living in a leafy suburb U should get out more & clear your head that could not be further from the truth
What a pathetic state of affairs. Ireland has effectively become a one party state with FFFG happy to lie in bed with each other. Anyone who has the wherewithal to emigrate should do so immediately. The sheep are happy with the status quo!!
@Mike Dunne: sheep? Maybe what you call sheep are happy with the way everything is going for them. Not everyone does or ever will share your opinion. I didn’t vote ffg before you call me a sheep
So it’s FF and FG again with maybe Labour and/or Greens. No big change. SF bots before ye melt down ask yourselves why your vote regularly can’t be arsed to get out for 20 minutes once approx every 5 years to actually vote? If people don’t vote they really can’t complain things don’t change
@Sean Hayes: The youth are better off leaving I for one I give up .lived in Germany should of never came back this country is a joke I wish I wasn’t Irish . So ashamed of the people here same crap every election.im so depressed thinking of the next 5 years omg
Bread & Butter issues, time to start listening & acting on them. Rein in Energy companies, Supermarkets, Insurance companies, allow easier planning, build houses & operate a proper Immigration policy & you win over the people. Failure to do so & you will have Kanturk reactions every day.
Greens look likey for a 75% LOSS of seats…… the pontificating, condescending arrogance that more TAXES were the answer to everything coming home to roost thankfully
@Frank Mc Carthy: Greens paying the price for their Arrogance. Catherine Martin & her abysmal handling of RTE & then rewarding them. Eamon Ryan putting Data Centers & Energy company profits before people, ROG’s pull factor tweet, Immigration mess & destroying our Tourism industry & his pathetic performance as Minister for Children & Mother & Baby Homes, Ossian Smyth’s rewarding of the Drinks Industry to enrich themselves & makeus take our bottles out of our Recycling bins & put them in the Drinks Industry’s ATM’s. ROG has to be the worst Minister to have ever held office in Ireland & caused so much damage & division, glad to see the ahole go. Greens were a shower of Hypocrites, who have put the Green agenda back decades in Ireland. Today they are blaming Hate for their failures, lol.
@SV3tN8M4: if they’re looking for a ‘whipping boy’….I’ve a big mirror they can borrow…….. what’s mad is Catherine Martin ‘might’ actually get through for a ( lonesome) seat on gravy train
@Dermot Blaine: yes,i but they could have been suspended and delayed in light of the cost of living crisis, and that never even crossed the minds behind the Green Party. The Greens have become so fanatical about the enviroment that they are putting it so far ahead of people that they would put us into poverty. Even the DRS scheme has basically become a tax. I have learned of several families that have gone back to putting the DRS items back into their recycle bins for various reasons, from no place to keep them to no way to get them back to the retailers and so on, forfeiting the deposits.
@SV3tN8M4: just watching Eamon Ryan on RTE being interviewed and he is claiming they helped protect people in the cost of living crisis, and the effects of the War in Ukraine and several more ludicrous claims. Sorry to all the Green supporters, but the man is definatly not living in the same world as the rest of us.
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It’s tough times, but all these people on here calling Ireland a kip and the like are a joke. I left Ireland 15 years ago and moved to Australia, due to recession/no prospects, etc. But I never forget where I came from, I understand times are hard because I went through it in GFC, but the thing that has made me successful in Australia is remembering the great country that I grew up in – Ireland. It has culture, history, passion and pride like no other, that’s what makes us proud to be Irish. The political situation at the moment is poor and people have the right to complain and take action, that’s the only way to improve. But don’t call
Ireland a kip,when you emigrate you realise the country you emigrate to usually has better prospects, but it can never compare to the pride of being Irish
@: “the political situation is poor”, no it’s not too bad actually but what is poor is our planning and legal systems. Governments are hand tied to build anything because of vested interests and nimbi’s. Ireland needs infrastructure very badly but it’s aloof. One of the least population density in EU and we can’t build anything anywhere
@: unfortunately it is a kip now, no morals in government at all,like the mafia running the placeas, but as long as someone is making a few bob out of it, they don’t give a phuck! You should be grateful that you have made a life for yourself in Australia. It is not the Ireland of before, that you could be proud of. Putting profits and big business before the health and well being of the people. Paying over the odds for everything here, and the worst thing is we are just accepting it! Sickening. So be happy, you are very fortunate where you are. Raise your family with good morals and honesty where you are and be glad you are away
@: the pride of being Irish me h*** people from parish pump areas back the same parish orientated cute hoors and keep the country stifling in mediocrity and the past. You’ve left because Its no country for young or old wo(men) and the country especially rurally is so ignorant in the way it discourages new information. Allows for little to change and cute hoors to thrive. Id leave in the morning but would have a lot to figure out especially the job this country has done on my mental health. Because of which I can speak with specific authority to remind you that FG FFs public services arent fit for purpose.
This country is a joke totally screwed . Homelessness, healthcare, high rents , never be able to by a house .every Irish person paying back thousands in debt due to the bail out .what a kip this is .
It seems people have not learned lessons from the past and fell for the same promises trotted out once again. It’s democracy. Let’s hope we don’t regret it (like the uk with brexit and labour austerity) and that ff/fg might actually fulfil their promises. I live in hope but not much.
Pretty sad stuff that people continue to vote for the same old stale establishment politics of Fine Gael and Fianna Fáil which have trashed this country. Are 40% of this country really just plain sadists? Do they enjoy the high taxes, the high crime, the big bureaucratic government, the inefficient HSE and the wacky environmental policies like “Net Zero” and the carbon tax? The most disappointing statistic is that the Social Democrats got nearly 6% of the vote. The Social Democrats are a radical far-left party who have identical policies to PBP. The only difference is that they mask their radical nature because Holly Cairns doesn’t shout her head off like Rich Boy Barrett and instead soothes people under the guise of “compassion” into voting for a “kinder” PBP.
@Minnie Mouse: I gave my number 1 vote to Alan Shatter and I ranked no one else. All the other options in my constituency weren’t up to standard. Shatter was the only candidate who bothered to personally reach out to me by email to give my a layout of his policy positions. He wants to abolish inheritance and property taxes, he wants to privatise some of the HSE and cut administrative staff by 15%, he wants to scrap rent control and price controls on childcare, he wants to double the number of Garda officers on the street, he wants to scrap the “Net Zero” targets and the carbon tax and he strongly supports Israel and Ukraine. He’s the only person with common sense right-wing policies and I was proud to give him my vote yesterday.
@Sean Hayes: most people in Ireland do not own homes. 54% of younger people live with Mum and dad. Unfortunately, apparently half of them didnt bother to vote.
@Claire Greaney: he has put in over a decade of hard work for his constituency, that why he got such a large number of first preferences, more so than his term as minister for housing, which everyone knows is a hospital pass (pardon the pun).
To judge from last night’s comments there are a lot of people out there who don’t fully understand how PRSTV works, or maybe they’re just hoping for the best. For them, and others, here’s a little explainer.
The number of seats a party wins is close to its share of first preference votes. Larger parties tend to get a bonus, on average FF and FG have won 6-7% more seats than their share of the vote – so they would get perhaps 22% of the seats with 20% of first preferences on a good day.
The most important determinant of who wins seats in each constituency is the number of first preferences. About 90% of seats go to the candidates who finish in the first 3 places in 3-seaters, in the first 4 places in 4-seaters, in the
Transfers are less influential than we sometimes think. They mostly serve to confirm the results of the first count. That’s because most votes never get transferred: in 2020, for example, there were nearly 2.2 million votes (first preferences) cast. The total number of transfers, including second, third, fourth, fifth, sixth…. preferences, was not much more than one-third of this, at 0.8 million.
Why are most votes not transferred? Because most votes go to the successful candidates, and most of their votes are never transferred – most surpluses are a quite small percentage of the quota.
Hilarious the SF paid propaganda team made up of Michale Kane and FG’s Rental Trap are nowhere to be found today. Looks like the stand down order from the Army Council came through.
@Trump24: FG’s Rental Trap is probably burnt out or tallying, he was on night & day in the weeks prior to election, between himself the Doe family & the Brendan/Kevin spin dept, ordinary voices were been drowned out, which is how they all operate online, their mantra is “control the narrative”. Ironically, people were looking for alternatives, but the likes of FG’s Rental Trap actually turned people off, especially when the mask slipped every now & then.
People don’t vote for change. People change and then vote. For the 3 weeks of campaigning posters here on The Journal were exchanging childish insults. And now that voting has taken place and the counting has begun they are STILL trading insults. They haven’t changed. And then they are surprised when others haven’t changed. And start insulting them again. It’s a funny old world.
Shame on everyone who helped Darragh o brien easily get elected again. It was insulting in 2020 now it is completely and utterly a sign of a demoralised, in some cases very blinkered and in others callous electorate.
Can someone explain to me why they have voted for FFG? After everything you’ve seen in the past 4 years, how did you decide that you’re gonna vote for them in again?
C’mon Journal, less of the feckin wokeism When you are referring to a candidate, can please refrain from this wokeism bullshit,eg, “their” votes will now be distributed when you know fcuking well whether the candidate is a ‘he’ or a ‘she’. Is it any wonder the fecking country is gone down the pan!
Labour offering to form a negotiating block with the SD is like offering someone the kiss of death! I’m sure the SD have their heads screwed on to not get involved with Labour. Never forget their time in government. They made An Bord Snip look like a giveaway
The Greens are gone. The poison chalice of being the support party for the government. It happens every time. They throw them under the bus to retain power. That’s what our political system creates. And we just lean into it. It’s actually not any particular party/leaders fault, just the nature of the beast. Cynical and depressing at the same time.
@honey badger: it’s a bit odd if you ask me. First time I’ve ever heard of it. Running in two constituencies. Is it even allowed? I wonder which count center he went to lol
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Link different devices 55 partners can use this feature
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In support of the purposes explained in this notice, your device might be considered as likely linked to other devices that belong to you or your household (for instance because you are logged in to the same service on both your phone and your computer, or because you may use the same Internet connection on both devices).
Identify devices based on information transmitted automatically 91 partners can use this feature
Always Active
Your device might be distinguished from other devices based on information it automatically sends when accessing the Internet (for instance, the IP address of your Internet connection or the type of browser you are using) in support of the purposes exposed in this notice.
Save and communicate privacy choices 69 partners can use this special purpose
Always Active
The choices you make regarding the purposes and entities listed in this notice are saved and made available to those entities in the form of digital signals (such as a string of characters). This is necessary in order to enable both this service and those entities to respect such choices.
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