Tech Company M&A Transactions
TransWorld Payment Solutions Acquisition
TransWorld Payment Solutions, operating out of Hamilton, was acquired by Planet Payment. The acquisition price was $750 thousand.
Transaction Overview
Company Name
Acquired By
Announced On
11/2/2006
Transaction Type
M&A
Amount
$750,000
M&A Terms
Planet Payment, a leading
international multi-currency payment and data processor, today announced
the acquisition of the credit card processing platform and related Bermuda
assets of TransWorld Payment Solutions Ltd., Bermuda ("TransWorld") in
exchange for Planet Payment common stock (LSE: AIM: PPTR) valued at
approximately US$750,000.
Company Information
Company Status
Acquired or Merged
Industry
ECommerce
Mailing Address
69 Front Street 4th Floor
Hamilton, HM 12
Bermuda
Hamilton, HM 12
Bermuda
Phone
Website
Email Address
Not Recorded
Overview
Established in 1989 as a consulting firm, TransWorld soon expanded its activities to include project management, software installation and transaction processing.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
President
Daniel Kornitzer
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