M&A Deal Summary

VeriFone Systems Acquires Hypercom

On September 27, 2010, VeriFone Systems acquired technology hardware company Hypercom from Francisco Partners for 485M USD

Acquisition Highlights
  • This is VeriFone Systems’ 2nd transaction in the Technology Hardware sector.
  • This is VeriFone Systems’ 3rd largest (disclosed) transaction.
  • This is VeriFone Systems’ 3rd transaction in the United States.
  • This is VeriFone Systems’ 1st transaction in Arizona.

M&A Deal Summary
Date 2010-09-27
Target Hypercom
Sector Technology Hardware
Buyer(s) VeriFone Systems
Sellers(s) Francisco Partners
Deal Type Add-on Acquisition
Deal Value 485M USD
Advisor(s) UBS Investment Bank (Financial)
DLA Piper (Legal)

Target

Hypercom

Scottsdale, Arizona, United States
Hypercom Corp., is a provider of complete electronic payment solutions and value-added services at the point of transaction. Hypercom designs, manufactures and sells a variety of electronic transaction terminals, peripheral devices, transaction networking devices, transaction management systems, application software and information delivery services. Additionally, the Company provides support and related services, which include maintenance, 24/7 management and monitoring of customer networks, on-site technology assessments, network training, and design and implementation. Hypercom’s customers include domestic and international financial institutions, electronic payment processors, retailers, independent sales organizations and distributors.

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Buyer(S) 1

Buyer

VeriFone Systems

San Jose, California, 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 Systems, Inc. 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 Systems, Inc. is headquartered in San Jose, California.

DEAL STATS #
Overall 5 of 10
Sector (Technology Hardware) 2 of 3
Type (Add-on Acquisition) 3 of 8
State (Arizona) 1 of 1
Country (United States) 3 of 4
Year (2010) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-24 Destiny Electronic Commerce Pty.

Johannesburg, South Africa

Destiny Electronic Commerce Pty. Ltd. (dba CSC) is a provider of secure payment technologies, services and solutions at the point of sale for Sub-Saharan Africa and the Indian Ocean Islands.

Buy -

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 18 of 81
Sector (Technology Hardware) 5 of 8
Type (Add-on Acquisition) 10 of 49
State (Arizona) 1 of 2
Country (United States) 15 of 67
Year (2010) 4 of 4
Size (of disclosed) 15 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-31 Attenti

Tel Aviv, Israel

Attenti is a global provider of electronic monitoring technologies, serving hundreds of national, federal, state, and local correctional and law enforcement agencies around the world. The business offers a differentiated full range of Global Positioning Systems (GPS), Radio Frequency (RF), alcohol verification monitoring, and tracking solutions, supported by an integrated software monitoring platform. Over the past 20 years, Attenti has developed a reputation for providing reliable, innovative, and scalable electronic people-monitoring solutions to correctional and law enforcement agencies in 34 countries. Attenti was formed in 2017 and is based in Tel Aviv, Israel.

Sell $230M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-25 Quantros

Milpitas, California, United States

Quantros is a software and services provider for the healthcare industry in the areas of safety and risk management, quality and performance improvement, accreditation and compliance, real-time surveillance and centralized decision support.

Buy -
Mergr

Product

Company

Legal