UDW Enterprise Value - Acquisition Price
In a previous 10K US Dataworks identified eleven competitive vendors in the market; Bank One, BankServ, CheckAGAIN, CheckFast, Inc., The EFT Network, Inc., eFunds Corporation, Equifax Check Solutions, Global eTelecom, Inc., Integrated Check Technologies, LML Payment Systems, Princeton eCom, Provident Bank, SolutranXpressCheX, Inc., and RCK Services.
It is very interesting to note that Online Resources (ORCC) recently acquired Princeton eCom for $180 million in cash, plus an earn-out of up to $10 million.
If UDW were valued at the same dollar amount of $180 million our shares would be worth approximately $6.00 plus. Things that make you go hmmmmm........
P.S. CheckAgain was acquired by Fiserv (FISV) for an undisclosed amount and while not on the list Metavante purchased VECTORsgi a leader in check imaging for $135 million. |
