On the Record · Verifone Systems
Verifone Systems acquisitions, on the record
The businesses Verifone Systems bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Hypercom Corporation non-U.S. businessWord for word“In August 2011, we acquired the non-U.S. business of Hypercom Corporation ("Hypercom"), a provider of electronic payment solutions and value-added services at the POS, which expanded our geographic reach and business for our EMEA and Asia-Pacific segments (as defined below).” 10-K for 2015 | acquisition | August 2011 | — |
Electronic Transaction Group Nordic Holding AB ("ETG") operating the Point International business ("Point")Word for word“In December 2011, we acquired Electronic Transaction Group Nordic Holding AB ("ETG"), a Swedish company operating the Point International business ("Point"), which was previously one of our distributors, which expanded our presence primarily in the Nordics and augmented our EMEA services business.” 10-K for 2015 | acquisition | December 2011 | — |
Destiny Electronic Commerce (Proprietary) Limited (which traded as CSC)Word for word“our June 2011 acquisition of Destiny Electronic Commerce (Proprietary) Limited (which traded as CSC), our South Africa-based distributor, whose business included value-added services and end-to-end estate management services and tools for Sub-Saharan Africa and the Indian Ocean Islands;” 10-K for 2015 | acquisition | June 2011 | — |
EFTPOS New Zealand LimitedWord for word“and our May 2013 acquisition of EFTPOS New Zealand Limited, which holds the switching and terminal business of ANZ Bank New Zealand Limited, and April 2013 acquisition of Sektor Payments Limited, which was our main distributor in New Zealand.” 10-K for 2015 | acquisition | May 2013 | — |
Sektor Payments LimitedWord for word“and April 2013 acquisition of Sektor Payments Limited, which was our main distributor in New Zealand.” 10-K for 2015 | acquisition | April 2013 | — |
Outcast Media, Gilbarco's forecourt media businessWord for word“For example, in August 2014, we entered into a global partnership with Gilbarco Veeder-Root, a leading global petroleum dispenser provider, which provided additional media screens that we are incorporating into our network. In connection with the partnership, we also acquired Outcast Media, Gilbarco's forecourt media business which provides media-enabled solutions at the pump.” 10-K for 2015 | acquisition | August 2014 | — |
SAIL mobile payment product assets and business operationsWord for word“The Other income, net, during the fiscal year ended October 31, 2013 is primarily related to the gain on the divestiture of certain assets and business operations related to our SAIL mobile payment product.” 10-K for 2015 | divestiture | — | — |
InterCard AGWord for word“During November 2015, we entered into an agreement to acquire InterCard AG, a leading Payment-as-a-Service provider in Germany, for consideration totaling 85.0 million Euro (approximately $92.4 million at the foreign exchange rate as of November 6, 2015).” 10-K for 2015 | agreed acquisition | November 2015 | 85.0 million Euro (approximately $92.4 million at the foreign exchange rate as of November 6, 2015) |
five business combinations completed in fiscal year 2015Word for word“During fiscal year 2015, we completed five business combinations for consideration totaling $29.6 million , including $22.1 million of cash paid on the acquisition dates, $5.7 million in future consideration and contingent consideration with a fair value of $1.8 million at the acquisition dates.” 10-K for 2015 | acquisition | fiscal year 2015 | $29.6 million |
AJB Software Design Inc.Word for word“On February 2, 2016, we acquired AJB Software Design Inc., a Toronto-based provider of payment gateway and switching solutions for large merchants in the U.S. and Canada, for cash payments totaling approximately $87.5 million, subject to certain upward adjustments, plus up to $10.0 million of additional contingent consideration with a fair value of $1.4 million at the acquisition date.” 10-K for 2016 | acquisition | February 2, 2016 | approximately $87.5 million, subject to certain upward adjustments, plus up to $10.0 million of additional contingent consideration with a fair value of $1.4 million at the acquisition date |
51% of the voting equity interest of PanaromaWord for word“On May 20, 2016, we acquired 51% of the voting equity interest of Panaroma, a Turkey-based provider of new generation cash registers, for approximately $6.8 million in cash subject to certain adjustments, plus additional contingent consideration with a fair value of $3.6 million at the acquisition date.” 10-K for 2016 | acquisition | May 20, 2016 | approximately $6.8 million in cash subject to certain adjustments, plus additional contingent consideration with a fair value of $3.6 million at the acquisition date |
petroleum media businessWord for word“During April 2017, we exited our petroleum media business by terminating certain customer agreements and contributing certain assets to a newly formed business, Gas Media, in exchange for a 50% ownership interest in that business.” 10-K for 2017 | divestiture | April 2017 | — |
Taxi Solutions reporting unitWord for word“Taxi Solutions Business During March 2017, we committed to a plan to sell our former Taxi Solutions reporting unit, which was sold on December 11, 2017.” 10-K for 2017 | divestiture | December 11, 2017 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-10-31 | $172.2 million | $0 | $74.4 million |
| 2017-10-31 | $5 million | $1.5 million | $5.6 million |
Deal filings since 2016
- 2018-08-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-08-20 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-04-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-02-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-12-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-12-15 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-07-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
Read from Verifone Systems’s annual reports (10-K for 2017, 10-K for 2016, 10-K for 2015) and the financial data it files with the SEC, as of 2017-12-18. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.