M&A Deal Summary

Official Payments Acquires Tier Technologies

On January 1, 2002, Official Payments acquired internet software and services company Tier Technologies

Acquisition Highlights
  • This is Official Payments’ 1st transaction in the Internet Software and Services sector.
  • This is Official Payments’ 1st transaction in the United States.
  • This is Official Payments’ 1st transaction in California.

M&A Deal Summary
Date 2002-01-01
Target Tier Technologies
Sector Internet Software and Services
Buyer(s) Official Payments
Deal Type Add-on Acquisition

Target

Tier Technologies

California, United States
Tier Technologies, Inc. is a provider of electronic payment solutions.

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Buyer(S) 1

Buyer

Official Payments

Norcross, Georgia, United States
Category Company
Founded 1996
Sector Internet Software and Services
DESCRIPTION

Official Payments Corp. is a provider of transaction processing services, and software and systems integration services primarily to federal, state, and local governments.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2002) 1 of 1
Mergr

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