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  5. InterSwitch Acquires VANSO Nigeria

M&A Deal Summary

InterSwitch Acquires VANSO Nigeria

On February 9, 2016, InterSwitch acquired information technology company VANSO Nigeria for 75M USD

Acquisition Highlights
  • This is InterSwitch’s 2nd transaction in the Information Technology sector.
  • This is InterSwitch’s largest (disclosed) transaction.
  • This is InterSwitch’s 1st transaction in Nigeria.

M&A Deal Summary
Date 2016-02-09
Target VANSO Nigeria
Sector Information Technology
Buyer(s) InterSwitch
Deal Type Add-on Acquisition
Deal Value 75M USD

Target

VANSO Nigeria

Lagos, Nigeria
VANSO Nigeria Ltd. is a financial technology provider focused on delivering cutting edge and innovative solutions. Through our proprietary payments (MIMO), banking and messaging (VCP) platforms we deliver highly secure, world class solutions for our clients.

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Buyer(S) 1

Buyer

InterSwitch

Victoria Island, Nigeria
Category Company
Founded 2002
Sector Financial Services
DESCRIPTION

InterSwitch is an integrated digital payments and commerce company that facilitates the electronic circulation of money as well as the exchange of value between individuals and organizations on a timely and consistent basis. InterSwitch was founded in 2002 and is based in Victoria Island, Nigeria.

DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Nigeria M&A 1 of 1
Year: 2016 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-17 Paynet Kenya

Nairobi, Kenya

Paynet Kenya Ltd. is a provider of e-banking services and solutions for the financial sector.

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