CyberCash Acquires Tellan Software
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CyberCash said the acquisition will consolidate its dominance in the payment software market, including physical points of sale and integrated enterprise payment solutions.
Financial terms were not disclosed.
Tellan, a privately held company founded in 1992, produces payment processing software for Internet commerce, as well as global enterprises wishing to consolidate disparate payment applications into a centralized payment platform. The company's brands include MacAuthorize, PCAuthorize and WebAuthorize. Tellan products are certified with major U.S. bank networks for business-to-business and consumer-to-business transactions.
CyberCash brands include ICVERIFY, PCVERIFY, CashRegister, NetVERIFY, CyberCoin, PayNow and InstaBuy.