M&A Deal Summary

VeriFone Acquires AJB Software

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2016-01-15
Target AJB Software
Sector Information Technology
Buyer(s) VeriFone
Deal Type Add-on Acquisition

Target

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(S) 1

Buyer

VeriFone

New York, New York, United States
Category Company
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 is headquartered in New York, New York.

DEAL STATS #
Overall 10 of 10
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 8 of 8
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 -
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 -
Mergr

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