Business Services & Equipment M&A » By The Online Investor Staff, updated Tue., Apr. 16, 5:53 PM
Recent mergers and acquisitions in the Business Services & Equipment M&A category.
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Slide #38. MasterCard — C-SAM
Acquirer:
MasterCard (NYSE:MA)
Acquiree:
C-SAM
Details:
At Mobile World Congress, MasterCard today announced it has entered into an agreement to acquire C-SAM, Inc. ("C-SAM") a leading provider of mobile wallet and on-device software and services. In acquiring C-SAM, MasterCard will speed the development and deployment of mobile wallets and payment solutions globally, including the rollout of its MasterPass digital service. Today's announcement builds upon a global strategic partnership developed between the two companies in December 2012, as well as a minority investment by MasterCard.
Mastercard is a technology company that connects consumers, financial institutions, merchants, governments, digital partners, businesses and other organizations by enabling electronic payments instead of cash and checks. Co.'s payment products and applications include: consumer payment products, which includes consumer credit, consumer debit and prepaid; and new payment flows, which includes disbursements and remittances, commercial point of sale, business-to-business accounts payable and consumer bill payments. Co.'s services include: cyber and intelligence solutions, which prevents, detects and responds to fraud and cyber-attacks; data and services solutions; and processing and gateway.
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Avg. Broker Rec.
 
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Strong Buy (3.83 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: MA Stock Forecast Based on Zacks ABR data; powered by Xignite |
