eFunds Corporation Completes Acquisition of Oasis Technology

Wednesday 12 November 2003 17:49 CET | News

eFunds Corporation has completed its acquisition of the assets of Oasis Technology. The total purchase price of approximately $30 million, including a working capital adjustment, was funded from existing cash on hand.

eFunds intends to leverage the strength and reliability of its current CONNEX software and Oasis open platform suite of products to provide domestic and international customers an optional migratory path to a flexible solution that offers lower total cost of ownership. This will enable current CONNEX and Oasis customers to choose the path that best allows them to minimize risk and prepare for future electronic payment technologies.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce