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  6. Seraph Security Acquires Benefits Processing

M&A Deal Summary

Seraph Security Acquires Benefits Processing

On October 29, 2007, Seraph Security acquired information technology company Benefits Processing

Acquisition Highlights
  • This is Seraph Security’s 1st transaction in the Information Technology sector.
  • This is Seraph Security’s 1st transaction in the United States.
  • This is Seraph Security’s 1st transaction in Florida.

M&A Deal Summary
Date 2007-10-29
Target Benefits Processing
Sector Information Technology
Buyer(s) Seraph Security
Deal Type Add-on Acquisition

Target

Benefits Processing

Boca Raton, Florida, United States
Benefits Processing Corp. is a global payment transaction system that primarily targets the fast-growing Healthcare membership/benefits markets. BPC provides virtual payment systems similar to PayPal and, where appropriate, couples this with a physical debit card, which is powered by the Visa Network that enables card usage wherever Visa is accepted.

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Buyer(S) 1

Buyer

Seraph Security

Ashland, Oregon, United States
Category Company
Founded 1995
Sector Information Technology
Employees3
DESCRIPTION

Seraph Security, Inc. is a provider of IT services.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2007 M&A 1 of 1
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