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Atlanta Spotlight
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NCR Corporation has announced a definitive agreement to acquire Allentown, Pa.-based JetPay, a provider of end-to-end payment processing and Human Capital Management solutions.

“The acquisition of JetPay is a key, strategic initiative that will enable NCR to create a full, end-to-end integrated payments offering for its enterprise-wide POS customers,” said NCR President and Chief Executive Officer, Michael D. Hayford. “Enabling payments as part of our transactions is part of our long-term strategy to create integrated value for our clients.”

The transaction will be a cash tender offer of $5.05 per JetPay share, which represents a multiple of 2.9 times 2018 consensus revenue forecast of $63.4 million. The purchase pr [ ... ]


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