VeriFone Equipment announced it will acquire Hypercom, a company that markets secure digital payment and electronic transaction technologies, in an all-stock deal valued at approximately $485 million expected to close in the second half of 2011. Hypercom provides payment terminals and PIN access tools for retail and petroleum industries as well as payment systems for medical services and transit ticketing in Europe, Middle East, Asia Pacific and North America, and its revenues have grown from $290 million to approximately $450 million; VeriFone is acquiring Hypercom to increase its presence in European markets.
