Tech Company M&A Transactions
Way Systems Acquisition
On 9/1/2010, Way Systems was acquired by VeriFone Systems. The transaction price was $9 million.
Transaction Overview
Company Name
Acquired By
Announced On
9/1/2010
Transaction Type
M&A
Amount
$9,000,000
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.
Company Information
Company Status
Acquired or Merged
Industry
ECommerce
Mailing Address
200 Unicorn Park
Woburn, MA 01801
USA
Woburn, MA 01801
USA
Phone
Website
Email Address
Not Recorded
Overview
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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Fred Gumbel
Chief Financial Officer
Jim Norton
Chief Marketing Officer
Randall Wheeler
Chief Technical Officer
Lance Nakamura
VP - Engineering
Jon Schau
VP - General Counsel
David Reibel
VP - Manufacturing
Eric Lecesne
VP - Product Management
Harry Hargens
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