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Francisco Partners Finalises Acquisition of Verifone

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Payments provider Verifone has been acquired by an investor group led by Francisco Partners – a technology-focused private equity firm – and including British Columbia Investment Management corporation. The acquisition was previously announced on April 9 and became effective on August 23. Verifone provides payment technology to merchants, offering merchant-oriented, customer-facing and self-service payment systems to a number of industry sectors, including the financial, retail, hospitality, petroleum, government and healthcare industries. “Verifone’s payments technology is critical to the operation of merchants around the world. We are excited to build upon Verifone’s strong platform to continue to drive growth and bring additional capabilities to Verifone’s customers,” said Peter Christodoulo, Partner at Francisco Partners. “We look forward to working with Mike and the Verifone team to strengthen the Verifone franchise and bring innovative payments and commerce solutions to Verifone’s customers.”