VeriFone to Acquire GO Software from ROI Corporation

Monday 6 December 2004 22:55 CET | News

VeriFone, Inc. and Return On Investment Corporation have signed a definitive agreement for VeriFone to acquire the assets of ROI’s GO Software business.

VeriFone will pay $13 million in cash on closing and up to $2.0 million in contingent consideration, linked to the future business performance through June 2006. The acquisition, which is subject to ROI stockholder approval and other customary closing conditions, is currently expected to close in January 2005. VeriFone was advised on this transaction by Financial Technology Partners LLC while ROI Corporation was advised by SVB Alliant.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce


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