M&A Deal Summary

Tier Technologies Acquires ChoicePay

On January 27, 2009, Tier Technologies acquired internet software and services company ChoicePay for 8M USD

Acquisition Highlights

This is Tier Technologies’ 1st transaction in the Internet Software and Services sector.
This is Tier Technologies’ largest (disclosed) transaction.
This is Tier Technologies’ 1st transaction in the United States.
This is Tier Technologies’ 1st transaction in Oklahoma.

M&A Deal Summary
Date	2009-01-27
Target	ChoicePay
Sector	Internet Software and Services
Buyer(s)	Tier Technologies
Deal Type	Add-on Acquisition
Deal Value	8M USD

Target

ChoicePay

Tulsa, Oklahoma, United States

ChoicePay, Inc. is a provider of electronic bill payment solutions.

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Buyer(S) 1

Buyer

Tier Technologies

California, United States

Category	Company
Sector	Internet Software and Services

DESCRIPTION

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

DEAL STATS	#
Overall	1 of 1
Sector (Internet Software and Services)	1 of 1
Type (Add-on Acquisition)	1 of 1
State (Oklahoma)	1 of 1
Country (United States)	1 of 1
Year (2009)	1 of 1
Size (of disclosed)	1 of 1