Ingenico Acquires Ogone For Around $484 Million
Ingenico is a French payment solution company that has acquired Ogone for €360 million ($484,127,998). Ingenico is pushing to become a “one-stop-shop” for multi-channel payment solutions. The combined companies are expected to generate an additional EBITDA in excess of around $27 million by 2015.
Ogone is known for making online payment services less complex and more secure for merchants. Ogone works with around 42,000 merchants and is hitting around $56 million in revenues. The company has over 28 employees. Ogone was on track to hit a revenue growth of over 30% this year. The company launched an iOS and Android app last year.
“Combining Ogone’s leading position in the online space with our unique position in the point-of-sale and mobile space will enable us to address multi-channel global payment solutions for both merchants and acquirers, first in Europe and then in high potential geographies,” stated Ingenico CEO Phillippe Lazare.
Ingenico has over 15 million terminals across 125 countries used by retailers, banks, and payment service companies.