M&A Deal Summary

CyberSource Acquires Authorize.Net Holdings

On June 18, 2007, CyberSource acquired financial services company Authorize.Net Holdings for 565M USD

Acquisition Highlights
  • This is CyberSource’s 1st transaction in the Financial Services sector.
  • This is CyberSource’s largest (disclosed) transaction.
  • This is CyberSource’s 1st transaction in the United States.
  • This is CyberSource’s 1st transaction in Utah.

M&A Deal Summary
Date 2007-06-18
Target Authorize.Net Holdings
Sector Financial Services
Buyer(s) CyberSource
Deal Type Add-on Acquisition
Deal Value 565M USD
Advisor(s) Jefferies (Financial)

Target

Authorize.Net Holdings

American Fork, Utah, United States
website
Authorize.Net provides secure, reliable, Internet Protocol (IP) based payment gateway solutions that enable merchants to authorize, settle and manage electronic transactions anytime, anywhere, via websites, at retail, mail order/telephone order (MOTO) call centers and on wireless devices. In addition to its payment solutions, Authorize.Net offers extensive value-add products designed to help merchants manage their business, fight fraud, and improve profitability.

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Buyer(S) 1

Buyer

CyberSource

Mountain View, California, United States

website

Category Company
Founded 1984
Sector Financial Services
DESCRIPTION

CyberSource solutions enable electronic payment processing for Web, call center, and POS environments. CyberSource also offers industry-leading risk management and payment security solutions for merchants accepting card-not-present transactions. CyberSource Professional Services designs, integrates, and optimizes commerce transaction processing systems. Approximately 295,000 businesses use CyberSource solutions, including half the companies comprising the Dow Jones Industrial Average.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal