Tech Company M&A Transactions
Verus Financial Management Acquisition
On 2/9/2006, Verus Financial Management was purchased by The Sage Group plc. Financial terms set the valuation at $325 million.
Transaction Overview
Company Name
Acquired By
Announced On
2/9/2006
Transaction Type
M&A
Amount
$325,000,000
M&A Terms
The Sage Group plc has agreed to acquire Verus Financial Management, Inc. from Financial Technology Ventures and its other shareholders, for an enterprise value of approximately 184 million ($325 million), to be paid in cash. Verus is a merchant services business specialising in credit card and cheque processing for small and medium-sized businesses based in the US in Nashville, Tennessee.
Company Information
Company Status
Acquired or Merged
Industry
ECommerce
Mailing Address
3841 Green Hills Village Dr 410
Nashville, TN 37215
USA
Nashville, TN 37215
USA
Phone
Email Address
Not Recorded
Overview
Verus Financial Management provides payment processing services to small and mid-sized merchants.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Founder
Richardson Roberts
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