VeriFone Systems Acquires Way Systems for $9,000,000

  • Feed Type
  • Date
    9/1/2010
  • Company Name
    Way Systems
  • Mailing Address
    200 Unicorn Park Woburn, MA 01801
  • Company Description
    WAY Systems was founded in 2002 with a global vision of providing the most cost effective, secure, wireless point-of-sale (POS) solution and support services to mobile merchants everywhere.
  • Website
    http://www.waysystems.com
  • Transaction Type
    M&A
  • Transaction Amount
    $9,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    The purchase price consisted of an upfront payment of $6 million dollars and an earn-out payable in one year of up to an additional $3 million dollars should certain performance targets be met.