SOURCE: INGENICO

January 22, 2008 13:04 ET

INGENICO : Press release

NEUILLY SUR SEINE, FRANCE--(Marketwire - January 22, 2008) - Ingenico today announced that it has filed legal proceedings against (1) Francisco Partners LP (2) Francisco Partners GP LLC (3) Francisco Partners II, LP (4) Keith Geeslin (together "the Francisco Parties") for using Ingenico confidential information and otherwise breaching the Francisco Parties' obligations owed to Ingenico pursuant to the terms of a Non-Disclosure Agreement dated March 21, 2006 between Francisco Partners and Ingenico ("the NDA")

The breaches of the NDA arise from the Francisco Parties' proposed provision of a $60 million Senior Credit Facility to Hypercom Corporation relating to its acquisition of Thales' E-Transactions Business. As a consequence, Ingenico insists that Francisco Partners must immediately withdraw from the proposed commitment.

About Ingenico

Throughout the world, businesses rely on Ingenico for secure and expedient electronic transaction acceptance. Ingenico products leverage proven technology, established standards and unparalleled ergonomics to provide optimal reliability, versatility and usability. This comprehensive range of products is complemented by a global array of services and partnerships, enabling businesses in a number of vertical sectors to accept transactions anywhere their business takes them. For more information about Ingenico, please visit: www.ingenico.com.

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Contact Information

  • FININCOM
    Jerôme Goaër
    +33 1 40 71 32 95
    Email Contact

    Valerie Sabineu
    +33 1 40 71 32 71
    Email Contact

    BRUNSWICK
    Jerôme Biscay
    +33 1 53 96 83 83

    INGENICO GROUP
    Max-Paul Sebag
    Communication, Groupe Ingenico
    190-192 avenue Charles de Gaulle
    F-92200 Neuilly-sur-Seine
    Tel. + 33 1 46 25 82 56
    Email Contact