Joe Kaplan Moves to Sage

Digital Transactions — Private-equity firm GTCR, which bought Sage Payment Solutions in August from its British parent company The Sage Group plc, appointed veteran independent sales organization executive Joe Kaplan as chief executive of the merchant processor, and also announced that it would invest $350 million to support Sage. Kaplan is the former CEO of Total Merchant Services and founded Innovative Merchant Solutions, which he sold to Intuit Inc. in 2003 and continued running as the payments unit of the accounting software provider before heading TMS in 2012.