M&A Deal Summary

VeriFone and Taxitronic Acquire Curb Mobility

On October 24, 2005, VeriFone and Taxitronic acquired internet software and services company Curb Mobility

Acquisition Highlights
  • This is VeriFone’s 1st and Taxitronic’s 1st transaction in the Internet Software and Services sector.
  • This is VeriFone’s 2nd and Taxitronic’s 1st transaction in the United States.
  • This is VeriFone’s 1st and Taxitronic’s 1st transaction in New York.
Investment Fate
  • Curb Mobility was sold to a consortium of strategic buyers in 2018.
  • Curb Mobility was sold to a strategic buyer in 2021.

M&A Deal Summary

Date 2005-10-24
Target Curb Mobility
Sector Internet Software and Services
Buyer(s) VeriFone
Taxitronic
Deal Type Joint Venture

Target

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.

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Buyer(S) 2

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 3 of 11
Sector: Internet Software and Services M&A 1 of 2
Type: Joint Venture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 2 of 5
Year: 2005 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-06 Go Software

Savannah, Georgia, United States

GO Software is a provider of point-of-sale (POS) payment processing software. More than 150,000 businesses use GO Software’s solutions to process payments at high speed, expand tender types, and lower credit card costs. GO Software provides payment processing solutions to meet the needs of any merchant, regardless of transaction volume, platform or sales environment. GO Software provides the payment engine behind thousands of retail store systems running integrated point-of-sale solutions.

Buy $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-10 Lipman Electronic Engineering

Park Afek, Israel

Lipman Electronic Engineering Ltd., is a provider of electronic payment systems. Lipman develops, manufactures and markets a variety of handheld, wireless and landline POS terminals, electronic cash registers, retail ATM units, PIN pads and smart card readers, as well as integrated PIN and smart card ("Chip & PIN") solutions. In addition, Lipman develops technologically advanced software platforms that offer comprehensive and customized transaction processing solutions for its customers, as well as managed professional services such as on-site and call-center support with remote terminal management.

Buy $793M
Buyer

Taxitronic

Barcelona, Spain

Category Company
Sector Automotive
DESCRIPTION

Taxitronic is a designer and manufacturer of taximeters, data terminals, light and peripherals for the taxi sector. Taxitronic is based in Barcelona, Spain.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2005 M&A 1 of 1
FOLLOWING 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 -