M&A Deal Summary

VeriFone Acquires 2Checkout

On August 1, 2020, VeriFone acquired internet software and services company 2Checkout from Francisco Partners

Acquisition Highlights
  • This is VeriFone’s 2nd transaction in the Internet Software and Services sector.
  • This is VeriFone’s 5th transaction in the United States.
  • This is VeriFone’s 2nd transaction in Georgia.

M&A Deal Summary

Date 2020-08-01
Target 2Checkout
Sector Internet Software and Services
Buyer(s) VeriFone
Sellers(s) Francisco Partners
Deal Type Add-on Acquisition

Target

2Checkout

Alpharetta, Georgia, United States
2Checkout provides a complete commerce solution enabling Software, SaaS and Cloud Services companies to increase their online sales, manage subscription billing, grow their reseller and affiliate distribution networks and reach new global markets. 2Checkout was founded in 2006 and is based in Alpharetta, Georgia.

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Buyer(S) 1

Buyer

VeriFone

New York, New York, United States

Category Company
Founded 1981
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 was founded in 1981 and is headquartered in New York, New York.


DEAL STATS #
Overall 11 of 11
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 9 of 9
State: Georgia M&A 2 of 2
Country: United States M&A 5 of 5
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 Curb Mobility

Long Island City, New York, United States

Curb Mobility provides a comprehensive mobility platform that serves taxi and other for-hire ride operators, regulators, service providers, and riders. Curb Mobility was founded in 2007 and is based in Long Island City, New York.

Sell -

Seller(S) 1

SELLER

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.


DEAL STATS #
Overall 63 of 88
Sector: Internet Software and Services M&A 6 of 9
Type: Add-on Acquisition M&A Deals 40 of 55
State: Georgia M&A 6 of 8
Country: United States M&A 50 of 73
Year: 2020 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-31 Consignor

Oslo, Norway

Consignor is a multi-carrier software platform for shippers enabling them to ship, track, scan, receive, return, and analyze shipments. The company supports large enterprise companies as well as small merchants, including startups, in their delivery management, making it easier, less time-consuming, and cheaper for them to deliver parcels to their customers. Consignor was formed in 1997 and is based in Oslo, Norway.

Buy Nkr1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-12 eSolutions

Olathe, Kansas, United States

eSolutions, Inc. is a provider of revenue cycle management software-as-a-service (“SaaS”). The Company’s products assist healthcare providers in automating and enhancing workflow with regard to claims review, editing, and denials/appeals management, as well as eligibility verification and payor connectivity. The Company’s client base is comprised of over 1,100 hospitals, home health and hospice providers, skilled nursing facilities, and durable medical equipment providers.

Sell -