Vogogo completes acquisition of Vanado

Tuesday 6 January 2015 00:29 CET | News

Payment processing specialist Vogogo has completed the acquisition of Vanado, a consulting and payment services company.

The acquisition was for an aggregate deemed purchase price of approximately USD 610,000, comprised of the issuance of 227,273 common shares in the capital of the company pursuant to a share purchase agreement. The agreement also provides for certain post-closing payments of up to USD 1,000,000.

The acquisition of Vanado expands Vogogo’s US operational presence in support of servicing the US market.

Vogogo is a payment services company with integrated risk management and compliance. Founded in 2008, Vogogo designed, built and launched its web-based payment processing technology while growing its expertise in software development, payments, risk management, compliance and related financial services.

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Keywords: Vogogo, Vanado, US, online payments, payment services, payment processing
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce