18 January 2018
visit http://response.ncr.com

Trintech to acquire Globeset

20 November 2000  |  2424 views  |  0 writing

California-based Trintech has agreed to acquire the assets of cash-strapped e-payments solutions company Globeset.

Globeset, which recently shut down its international operations and laid off the bulk of its US workforce, is a supplier of e-payment infrastructure services and products for banks, retailers and corporations. The company's products include an enterprise wallet platform, a secure payment processing platform, and a back office business-to-business platform. The Texas-headquartered firm has about 300 customers and alliances with Microsoft and Oki Electric Industry

Under the terms of the agreement, Trintech will acquire Globeset's primary assets for approximately $31 million made up of $10 million in stock and the remainder in cash and the assumption of liabilities. The deal is expected to close within 30 days.

John McGuire, CEO of Trintech comments: "This acquisition should be very synergistic because it should result in improved market position on a global basis, an expanded customer base for Trintech's suite of secure payment applications and a broader product offering to Globeset's customers."

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

Globeset in cash crisis - FT

Globeset in cash crisis - FT

01 November 2000  |  1932 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comvisit www.vasco.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
10481 views comments | 32 tweets | 36 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
10050 views comments | 17 tweets | 18 linkedin
Exchanges call for global fintech standardsExchanges call for global fintech standard...
9737 views comments | 17 tweets | 14 linkedin
Wells Fargo to close 900 branchesWells Fargo to close 900 branches
9634 views comments | 14 tweets | 16 linkedin
KFC introduces Bitcoin BucketKFC introduces Bitcoin Bucket
9192 views comments | 17 tweets | 16 linkedin

Featured job

Competitive base + commission
New York City, NY - USA

Find your next job