Add-on Acquisition • Information Services

InComm Payments Acquires KwikSystems

On February 1, 2006, InComm Payments acquired information services company KwikSystems

Acquisition Context
  • This is InComm Payments’ 1st transaction in the Information Services sector.
  • This is InComm Payments’ 2nd transaction in the United States.
  • This is InComm Payments’ 2nd transaction in Texas.

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M&A Deal Summary

Date February 1, 2006
Target KwikSystems
Sector Information Services
Buyer(s) InComm Payments
Deal Type Add-on Acquisition

Target Company

KwikSystems

Dallas, Texas, United States
KwikSystems LLC provides Point-of-Sale Activation (POSA) systems, tracking and reporting for all types of prepaid products.
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Buyer Overview 1

Buyer

InComm Payments

Atlanta, Georgia, United States

Category Company
Founded 1992
Sector Financial Services
DESCRIPTION

InComm Payments is a provider of prepaid payment products and technology. The company supports over 250,000 retail locations globally including retailers such as Walmart, CVS, Walgreens, and Rite Aid. Its unique point-of-sale-activation (POSA) technology has enabled InComm Payments to consistently introduce new products that address current market needs. InComm Payments was founded in 1992 and is based in Atlanta, Georgia.


Deal Context for Buyer #
Overall 2 of 16
Sector: Information Services 1 of 1
Type: Add-on Acquisition 2 of 15
State: Texas 2 of 3
Country: United States 2 of 12
Year: 2006 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-01 Prepaid Enterprises

Dallas, Texas, United States

Prepaid Enterprises offers a range of prepaid products, including wireless airtime and handsets, gift cards, and prepaid debit cards.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-01 InComm Agent Solutions

United States

InComm Agent Solutions specializing in customizable payment and technology solutions.

Buy -