Add-on Acquisition • Financial Services

TransFirst Acquires Solveras Payment Solutions

On August 24, 2011, TransFirst acquired financial services company Solveras Payment Solutions

Acquisition Context
  • This is TransFirst’s 1st transaction in the Financial Services sector.
  • This is TransFirst’s 4th transaction in the United States.
  • This is TransFirst’s 1st transaction in Virginia.

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M&A Deal Summary

Date August 24, 2011
Target Solveras Payment Solutions
Sector Financial Services
Buyer(s) TransFirst
Deal Type Add-on Acquisition
Advisor(s) Financial Technology Partners - FT Partners (Financial)

Target Company

Solveras Payment Solutions

Arlington, Virginia, United States
Solveras Payment Solutions is a provider of electronic payment processing services. Solveras Payment Solutions was formed in 2002 and is based in Arlington, Virginia.
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Buyer Overview 1

Buyer

TransFirst

Hauppauge, New York, United States

Category Company
Founded 1995
Sector Information Technology
DESCRIPTION

TransFirst LLC is a provider of secure transaction processing services and payment enabling technologies.


Deal Context for Buyer #
Overall 4 of 5
Sector: Financial Services 1 of 1
Type: Add-on Acquisition 4 of 5
State: Virginia 1 of 1
Country: United States 4 of 5
Year: 2011 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-30 Payment Resources International

Newport Beach, California, United States

Payment Resources International, Inc. is a provider of payment processing solutions to retail sector.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-10 CurveNorth

Siverado, California, United States

CurveNorth, Inc. is a developer of software solutions for the merchant processing industry.

Buy -