VeriFone Systems Buys WAY Systems For $9 Million Including $3M Potential Payout

VeriFone Systems Inc. acquired WAY Systems Inc., a Boston, Mass.-based developer of point-of-sale solutions and gateway services for mobile merchants. The deal was valued at $9 million, including a potential payout of $3 million if certain performance targets are met. WAY Systems was founded in 2002. It received $50 million in equity investments from Austin Ventures and Bessemer Venture Partners as well as debt financing from Lighthouse Capital Partners.

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