22 October 2017
Find out more

Verifone to acquire Go Software from ROI Corporation

07 December 2004  |  3723 views  |  0 hand shake

E-payments technology firm Verifone has signed a definitive agreement to acquire Go Software, a provider of point-of-sale payment processing software, from Georgia-based ROI Corporation for a total consideration of $15 million.

Under the deal VeriFone will pay $13 million in cash on closing and up to $2.0 million in contingent consideration, linked to the future business performance og Go Software through to June 2006.

Douglas Bergeron, chairman and CEO of VeriFone, says the acquisition is part of VeriFone's strategy to expand its payment systems footprint into other integrated point-of-sale environments.

"The increasing technology, especially security complexity at the point-of-sale offers a great opportunity for VeriFone to contribute to these product lines," adds Bergeron.

The acquisition, which is subject to ROI stockholder approval and other customary closing conditions, is expected to close in January 2005.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Verifone/AtosEuronext EFT package passes French EMV tests

Verifone/AtosEuronext EFT package passes French EMV tests

19 November 2003  |  5067 views  |  0 comments
Verifone teams with Commidea for mobile eftpos terminal

Verifone teams with Commidea for mobile eftpos terminal

23 October 2003  |  4225 views  |  0 comments
Jeronimo acquires CCV-CardPay

Jeronimo acquires CCV-CardPay

07 October 2003  |  3357 views  |  0 comments
China Union Pay selects VeriFone as PoS terminal provider

China Union Pay selects VeriFone as PoS terminal provider

08 July 2003  |  6127 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.fivedegrees.nlvisit www.vasco.com

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
10480 views comments | 22 tweets | 26 linkedin
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
10001 views comments | 17 tweets | 24 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9061 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8132 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7914 views comments | 10 tweets | 22 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job