VeriFone to Acquire Point to Build out Alternative Payments Infrastructure
Accelerates Transformation to Managed Services Revenue ModelSAN JOSE – November 14, 2011 – VeriFone Systems, Inc. (NYSE: PAY), today announced it has signed a definitive agreement with Nordic Capital Fund V ("Nordic Capital") to acquire Point, Northern Europe's largest provider of payment and gateway services and solutions for retailers. VeriFone intends to extend the Point platform throughout the region and beyond, with the aim of creating the world's largest infrastructure for rapid deployment of alternative payments. VeriFone will pay approximately €600 million to acquire all of the