M&A Deal Summary

Manhattan Acquires Global Bay Mobile Technologies

On August 12, 2014, Manhattan acquired technology hardware company Global Bay Mobile Technologies from VeriFone

Acquisition Highlights
  • This is Manhattan’s 1st transaction in the Technology Hardware sector.
  • This is Manhattan’s 3rd transaction in the United States.
  • This is Manhattan’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2014-08-12
Target Global Bay Mobile Technologies
Sector Technology Hardware
Buyer(s) Manhattan
Sellers(s) VeriFone
Deal Type Divestiture

Target

Global Bay Mobile Technologies

South Plainfield, New Jersey, United States
Global Bay Mobile Technologies, Inc., is a provider of next-generation mobile retail solutions. Global Bay works with retailers across North America, Europe and Asia to increase sales and improve customer satisfaction with mobile applications that leverage existing POS, e-commerce, and traditional store systems.

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Buyer(S) 1

Buyer

Manhattan

Atlanta, Georgia, United States
Category Company
Founded 1990
Sector Software
Employees3,600
Revenue 929M USD (2023)
DESCRIPTION

Manhattan provides supply chain solutions to navigate the supply chain commerce world effectively using its advanced cloud-native technology and collaboration. Manhattan Associates was founded in 1990 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 3 of 3
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 3 of 3
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-31 Evant

San Francisco, California, United States

Evant makes demand chain management software that manufacturers, wholesalers, and retailers use to optimize purchasing, replenishment, and distribution. Evant's software includes statistical modeling used to predict and forecast demand across a variety of product lines, including food, auto parts, electronics, and sporting goods.

Buy $50M

Seller(S) 1

SELLER

VeriFone

New York, New York, United States
Category Company
Sector Information Technology
Employees5,400
Revenue 2.0B USD (2015)
DESCRIPTION
Entrance to VeriFone's corporate headquarters in San Jose, California.
Entrance to VeriFone's corporate headquarters in San Jose, California.

VeriFone is a provider of secure electronic payment technologies. VeriFone provides solutions, services, and expertise that enable electronic payments. The Company's products and services include mobile, countertop and self-service payment devices, software, and web-based gateways. VeriFone is headquartered in New York, New York.

DEAL STATS #
Overall 1 of 4
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 3
State (New Jersey) 1 of 1
Country (United States) 1 of 4
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-14 Point Transaction Systems AB

Stockholm, Sweden

Point Transaction Systems AB is a provider of multichannel electronic payment solutions.

Buy €770M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-09 InterCard AG

Taufkichen, Germany

InterCard AG is a full suite of payment services including terminal sales and leasing, field support services such as helpdesk, installation and maintenance as well as gateway services such as transaction routing.

Buy -
Mergr

Product

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