VeriFone Acquires WAY Systems For Up To $9 Million (They Raised Over $50 Million)

Wednesday, 01 September 2010 14:17

VeriFone Acquires WAY Systems For Up To $9 Million (They Raised Over $50 Million)

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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.