Verifone evaluated at USD3.4 bn

Verifone, one of the two major global manufacturers of POS-terminals, signed an agreement on its acquisition by Francisco Partners.

Francisco Partners, one of the most influential private investment funds with $14 billion invested capital, specializes in investments in technologies and businesses focused on technology services.

According to Verifone, the deal evaluated at $3.4 billion is to be completed in 3Q 2018. Besides Francisco Partners, the group of investors working on the Verifone acquisition agreement includes British Columbia Investment Management Corp, а Canadian investor.

Currently, about 30 million Verifone POS terminals are installed and operated by more than 150 world's largest acquiring and retail companies. Verifone positively evaluates the news served as the basis for company's shares double growth.