21 October 2017
Register now

Pipeline Data buys Valadata

11 July 2006  |  1965 views  |  0 Source: Pipeline Data

Pipeline Data Inc. (OTCBB:PPDA; Pipeline) announced today that it has acquired Valadata, Inc., a retail merchant credit card processing provider catering primarily to the restaurant industry.

Pipeline also announced today that it has acquired a separate retail portfolio. Management expects the acquisitions to add 8,500 merchant accounts to Pipeline's existing portfolio, resulting in approximately $190,000 in additional monthly cash flow.

The purchase price for the initial Valadata acquisition was $5.4 million in cash and an additional $1.5 million over the next two years, subject to performance milestones. The purchase price for the separate retail portfolio was $500,000.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

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

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8666 views comments | 21 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8597 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7694 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7153 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6764 views comments | 14 tweets | 23 linkedin

Featured job

London, UK (or flexible)

Find your next job