Private equity firm Francisco Partners is set to buy US - based point of sales ( POS ) payments firm Verifone for $ 1 in a deal backed by Canada ’s British Columbia Investment Management Company . Verifone ’s board has accepted the takeover offer but wants to hear from other possible buyers before making a final decision . Verifone board have accepted the offer but have been given a one-month extension to encourage third party suitors to stake a claim. Verifone wants to grow from being a terminal provider for customers to being their technology partner . It has 30 million POS payment devices at more than 150 companies . The deal is likely to spark speculation about the future of rival terminal manufacturer Ingenico as the technology market matures .
Private equity firm Francisco Partners is set to buy US - based point of sales ( POS ) payments firm Verifone for $ 1 in a deal backed by Canada ’s British Columbia Investment Management Company . Verifone ’s board has accepted the takeover offer but wants to hear from other possible buyers before making a final decision . Verifone wants to grow from being a terminal provider for customers to being their technology partner . It has 30 million POS payment devices at more than 150 companies . The deal is likely to spark speculation about the future of rival terminal manufacturer Ingenico as the technology market matures .