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Similar to VeriFone Acquires Hypercom for $485M to Expand in Europe
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VeriFone Acquires Hypercom for $485M to Expand in Europe
- 1. Hypercom Digital repayments options company VeriFone Equipment has actually just announced the purchase of Hypercom, a company that markets safe and secure digital payment and electronic deal technologies. The bargain is an all-stock purchase valued at approximately $485 million. The bargain is expected to enclose the second hypercom half of 2011. Hypercom's products range from countertop and mobile card payment terminals as well as PIN access tools to server-based payment systems that consolidate, manage and path purchases for the retail, petroleum, ticketing and also vehicle parking sectors.The firm likewise supplies the clinical sector with e-health terminals for new electronic health and wellness cards, and self-service payment devices for mass transit rail ticketing, road tolls and car parking meters, vending machines, booths, petroleum forecourts and more in Europe, the Middle East, Asia Pacific as well as North America Hypercom's states its profits have boosted from almost $290 million to approximately $450 million. Verifone is acquiring the business to increase its visibility in European markets. For more information go to http//www.hypercom.org