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0Authors: Robin Wauters
Wednesday, 01 September 2010 14:17
VeriFone Acquires WAY Systems For Up To $9 Million (They Raised Over $50 Million)
Electronic payment solutions provider VeriFone Systems this morning announced it has acquired the assets of WAY Systems, a provider of mobile POS solutions and gateway services for mobile merchants.
The purchase price consisted of an upfront payment of $6 million and an earn-out
payable in one year of up to an additional $3 million dollars should certain performance targets be met.
VeriFone says the acquisition will not have a material impact on its financial results.
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