VERIFONE SYSTEMS, INC.
paymentus.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q2 FY2018 10-Q, filed Jun 8, 2018. Its latest SEC filing is a SC 13G/A from Feb 14, 2019.
10-Q for Q2 FY2018, filed Jun 8, 2018
The sections below describe the company as of the FY2017 annual report.
What Did They Do?
Sells point-of-sale payment devices, payment software and services that help merchants and the institutions serving them accept electronic payments.
10-K for FY2017, filed Dec 18, 2017Verifone is a global leader in payments and commerce solutions at the point of sale (“POS”). For over 35 years, we have designed…View ↗
Verifone’s strategy is to deliver payment solutions that combine next-generation devices that are connected to our services network to…View ↗
During fiscal year 2017, we managed our business as a single business unit, Verifone Solutions, which is focused on delivering seamless and…View ↗
Who Were Their Customers?
Financial institutions, payment processors, large retailers and other sector businesses buy its payment solutions; smaller merchants and retailers can buy payment processing directly. Verifone sells through its direct sales force and through banks, acquirers, system integrators, independent sales organizations and distributors.
10-K for FY2017, filed Dec 18, 2017Globally, our clients consist primarily of financial institutions, payment processors, large retailers, petroleum companies, transportation…View ↗
Sales and MarketingView ↗
We sell our products worldwide through our direct sales force and through third-party distributors and partners. Internationally, we rely…View ↗
How Were They Changing?
- Net income
-
Sources
10-Q for Q2 FY2018, filed Jun 9, 2018
−$17MView ↗
- ▼ −81% (Loss)
- vs −$89.3M in Q2 FY2017
-
Aug 20, 2018
Investor group completed acquisition; Verifone's shares stopped trading on NYSE
Mike Pulli became CEO when the transaction closed.
Sources
8-K, filed Aug 20, 2018
On August 20, 2018, the Investor Group completed its previously announced acquisition of the Company. Pursuant to the Merger Agreement…View ↗
-
Jul 9, 2018
Paul Galant planned to step down as CEO; Mike Pulli was to succeed him
Galant was to become vice chairman and senior adviser after the transaction closed.
Sources
8-K, filed Jul 9, 2018
On July 9, 2018, VeriFone Systems, Inc. (the “Company”) announced that Paul Galant has decided to step down as Chief Executive Officer…View ↗
-
Jun 8, 2018
Verifone withdrew previously issued financial guidance
The company said it would not provide financial guidance following the acquisition announcement.
Sources
8-K, filed Jun 8, 2018
Given the announcement regarding Verifone’s acquisition by an investor group led by Francisco Partners, Verifone will not host an earnings…View ↗
New device families
The older report describes point-of-sale terminals and payment services; the latest adds Engage and Carbon device families, including interactive connected systems that let merchants run business applications.
10-K for FY2014, filed Dec 17, 2014 10-K for FY2017, filed Dec 18, 2017We are committed to designing reliable and secure payment terminal solutions that incorporate leading edge technology to meet client needs.…View ↗
Sales of our point of sale electronic payment devices and systems comprise approximately 58.0%, 62.1% and 65.5% of our net revenues in the…View ↗
Who Did They Compete With?
Competes with Ingenico, PAX Technology, Fujian Newland, Square, SZZT Electronics, Shenzhen Xinguodu, Equinox Payments, CyberNet, Spire Payments, NCR, and Oracle
10-K for FY2017, filed Dec 18, 2017We expect to continue to experience significant competition in the future. We compete globally with suppliers, manufacturers, and…View ↗
Loading...
