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Neovia acquires Optimal Payments for $50m

20th January 2011 11:26 am GMT

Online payment processor Neovia Financial plc has announced the acquisition of Optimal Payments, a Canadian online payments business, for a total consideration of up to US$50m.

Neovia said it has entered into of a definitive agreement to acquire the online payments business and substantially all of the assets of 7012985 Canada Inc., the parent of Optimal Payments, for up to $50m payable in cash, shares, vendor debt financing and warrants.

In addition to adding significant scale to [...]

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