Pipeline Data Acquires Valadata, Inc.

Published on:
12 September 2006 at 10:21 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00012242-pipeline-data-acquires-valadata-inc/

Pipeline Data Inc. announced today that it has acquired Valadata, Inc., a retail merchant credit card processing provider catering primarily to the restaurant industry. Pipeline also announced today that it has acquired a separate retail portfolio. Management expects the acquisitions to add 8,500 merchant accounts to Pipeline’s existing portfolio, resulting in approximately $190,000 in additional monthly cash flow. The purchase price for the initial Valadata acquisition was $5.4 million in cash and an additional $1.5 million over the next two years, subject to performance milestones. The purchase price for the separate retail portfolio was $500,000.