Add-on Acquisition • Information Technology

VeriFone Acquires AJB Software

On January 15, 2016, VeriFone acquired information technology company AJB Software

Acquisition Context

This is VeriFone’s 2nd transaction in the Information Technology sector.
This is VeriFone’s 1st transaction in Canada.
This is VeriFone’s 1st transaction in Ontario.

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M&A Deal Summary
Date	January 15, 2016
Target	AJB Software
Sector	Information Technology
Buyer(s)	VeriFone
Deal Type	Add-on Acquisition

Target Company

AJB Software

Mississauga, Ontario, Canada

AJB Software Design, Inc. is a provider of payment gateway and switching solutions for large merchants in the U.S. and Canada.

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Buyer Overview 1

Buyer

VeriFone

New York, New York, United States

Category	Company
Founded	1981
Sector	Information Technology
Employees	5,400
Revenue	2.0B USD (2015)

DESCRIPTION

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 Context for Buyer	#
Overall	10 of 11
Sector: Information Technology	2 of 2
Type: Add-on Acquisition	8 of 9
State: Ontario	1 of 1
Country: Canada	1 of 1
Year: 2016	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2015-11-09	InterCard AG Taufkichen, Germany InterCard AG is a full suite of payment services including terminal sales and leasing, field support services such as helpdesk, installation and maintenance as well as gateway services such as transaction routing.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2015-11-09

InterCard AG

Taufkichen, Germany

InterCard AG is a full suite of payment services including terminal sales and leasing, field support services such as helpdesk, installation and maintenance as well as gateway services such as transaction routing.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2017-03-27	VeriFone Systems - LIFT Network San Jose, California, United States VeriFone Systems, Inc. - LIFT Network is an interactive digital up sell platform at convenience store (C-Store) retailers nationwide. The LIFT technology enables a seamless up sell opportunity at the point of sale with measureable ROI. It links basket information, shopper behavior, and cashier performance to deliver tested "plus one" sales. A touchscreen at checkout displays relevant offers based on real-time transaction data, allowing C-Store retailers to sell additional items to every shopper, personalize the customer experience with redeemable promotions, drive brand activation, and maximize cashier performance.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2017-03-27

VeriFone Systems - LIFT Network

San Jose, California, United States

VeriFone Systems, Inc. - LIFT Network is an interactive digital up sell platform at convenience store (C-Store) retailers nationwide. The LIFT technology enables a seamless up sell opportunity at the point of sale with measureable ROI. It links basket information, shopper behavior, and cashier performance to deliver tested "plus one" sales. A touchscreen at checkout displays relevant offers based on real-time transaction data, allowing C-Store retailers to sell additional items to every shopper, personalize the customer experience with redeemable promotions, drive brand activation, and maximize cashier performance.

Sell

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