Tech Company M&A Transactions
Incurrent Solutions Acquisition
Headquartered in Parsippany-Troy Hills, Incurrent Solutions was purchased by Online Resources. The transaction price was $15.3 million.
Transaction Overview
Company Name
Acquired By
Announced On
1/26/2005
Transaction Type
M&A
Amount
$15,300,000
M&A Terms
PA Early Stage announced that one of its portfolio companies, Incurrent Solutions, located in Parsippany, N.J. has been acquired by Online Resources Corp. (Nasdaq: ORCC). The purchase price consisted of $8 million in cash and 1 million shares of Online Resources common stock valued at $7.3 million on the December 22, 2004 closing date, for a total transaction price of $15.3 million. Solutions, located in Parsippany, NJ. Online Resources Corp (Nasdaq: ORCC) has acquired Incurrent Solutions for $15 million in cash and stock.
Company Information
Company Status
Acquired or Merged
Industry
FinTech
Mailing Address
900 Lanidex Plaza Suite 3
Parsippany-Troy Hills, NJ 07054
USA
Parsippany-Troy Hills, NJ 07054
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Incurrent is among the most widely adopted credit card banking systems in use today. Incurrent develops and operates advanced online products for financial institutions in the global payment card industry, including issuers of consumer, small business, purchasing card, corporate T&E, and private label cards.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
David Hickey
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