Business Services & Equipment M&A » By The Online Investor Staff, updated Thu., Apr. 18, 6:16 AM
Recent mergers and acquisitions in the Business Services & Equipment M&A category.
| This Slide: #18 of 100 |
Slide #18. Heartland Payment Systems — MCS Software
Acquirer:
Heartland Payment Systems (HPY)
Acquiree:
MCS Software
Details:
Heartland Payment Systems (NYSE:HPY), one of the nation's largest payments processors, has acquired MCS Software, an innovative provider of school foodservice point-of-sale (POS), back office and online payment solutions for more than 4,000 K-12 schools nationwide.
Heartland Payment Systems provides payment processing services to merchants. This involves providing end-to-end electronic payment processing services to merchants by facilitating the exchange of information and funds between them and cardholders' financial institutions. As such, Co. undertakes merchant set-up and training, transaction authorization and electronic draft capture, clearing and settlement, merchant accounting, merchant assistance and support, and risk management. Co.'s card-accepting customers primarily fall into two categories: small and mid-sized merchants and Network Services merchants, which are primarily petroleum industry merchants of various sizes.
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Avg. Broker Rec.
 
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Hold (1.93 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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