CyberSource Buying Authorize.net In $565 Million Deal
Written by Evan SchumanJune 18th, 2007
Electronic payment vendor CyberSource has agreed to purchase fellow e-payment player Authorize.net for $565 million in cash and stock, the companies announced Monday.
Steve Rowen, a research analyst at Retail System Research in Miami, Fla., said the merger of these two players is not in and of itself earth-shattering or surprising, but the size of the deal does reveal a lot about retail interests.
"CyberSource acquiring Authorize.Net is a highly logical move. Is it an industry-changing deal? Not at all," he said, but a deeper look at the metrics behind data-theft suggests an importance lying elsewhere surrounding this $565 million deal.
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Our Comment SPAM system is getting very aggressive these days and has been blocking legitimate comments. If you post a comment and don't see it appear within 2 hours or so, can you please send a heads-up to customer-service@storefrontbacktalk.com? Ideally, please include the time you posted the comment. That will allow us to try and hunt for it. Thanks! P.S. We're working on fixing the system, but we don't want to lose any valuable comments in the meantime.
I have strong reservations about the 'individual' certification and posting of that information for merchants. Can you imagine the potential employee poaching that might occur? The implications when competitors can look up how many are certified with each of their competitors? 
-Christine
