AJB Software Design acquired by VeriFone Systems in US$75 million cross-border transaction

February 2, 2016

On February 2, 2016, VeriFone Systems Inc. (NYSE: PAY) of San Jose, California completed its previously announced acquisition of AJB Software Design, Inc., a Toronto-based provider of payment gateway and switching solutions for large merchants in the US and Canada. The purchase price was approximately US$75 million in cash.

Miller Thomson advised AJB in this transaction with a team that included James Klotz, Robert Stewart, Jennifer Bishop and Gary Volman (corporate/M&A); Karen Durell (IP); and Ron Choudhury (tax)