Information on Merchant Accounts,
Ecommerce and Credit Card Processing

February 11th, 2008 by Jamie Estep

Hypercom + Ingenico

Filed in: Credit Card Equipment, Industry News | 4 comments

Ingenico made an offer to purchase Hypercom corporation.

Ingenico and Hypercom are two of the largest credit card terminal manufacturers after Verifone. Verifone made a purchase of the Lipman corporation about a year and a half ago, which set their market share far ahead of any competitor.

The combination of Ingenico and Hypercom would create a company with an annual revenue of around 800M. Verifone is currently at about 2B so there is still a sizable gap, but this could create some real competition for Verifone.

Ingenico is less popular in the US than in other countries, but they make some very interesting products, and was one of the first to offer a reliable pay at the table solution. Hypercom is the number two terminal manufacturer in the US. Hypercom would be an excellent medium for Ingenico to grow their US presence.

I think that this would be a very smart acquisition for both Hypecom and Ingenico.

4 Responses to “Hypercom + Ingenico”

  1. Noelle G. February 12, 2008 at 2:30 pm

    It seems that Hypercom doesn’t seem too happy with the way Ingenico is handling things, according to Hypercom’s News Page.

  2. jestep February 15, 2008 at 10:17 am

    Thanks for the update.

    It looks like the Thales deal went through which was one of Hypercom’s biggest concerns in the way that Ingenico handled their offer. Hypercom was definitely not happy with the situation. We’ll probably see how this plays out over the next few weeks.

  3. jestep February 28, 2008 at 6:29 pm

    Looks like this one is completely on the rocks.

  4. Blaine Thompson August 10, 2009 at 1:33 pm

    I dont know if I like this I had free ingenico piece of junk from quickbooks AKA innovative solutions and just recently switched to a company I found on line and I got a free hypercom and so far it is a lot nicer. I would not use an ingenico again because the printer problems where so annoying.