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NOVA Information Systems Stage: Growth Date of Investment: 1991 Web Site : http://www.novainfo.com
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A provider of credit card processing and other value-added transaction-based services, Warburg Pincus funded the development of NOVA starting in November 1991. NOVA has established a highly profitable, rapidly growing business as a result of its superior processing technology and innovative applications software. As a result of a major acquisition program, NOVA has become the fifth largest merchant credit card processor in the United States. NOVA became a public company in May 1996. Warburg Pincus distributed its shares to its limited partners in 1998.
