Visa acquires Fraedom

|About: Visa Inc. (V)|By:, SA News Editor

Visa (NYSE:V) announces that it acquired software-as-a-service firm Fraedom for an undisclosed amount.

Fraedom has been a Visa partner for nearly ten years, and its technology underlies Visa IntelliLink Spend Management.

The company says the pickup will strengthen and expand Visa’s business suite of solutions to meet the rapidly evolving needs of the B2B payments industry.

The transaction is expected to close in Q1.

V +0.33% premarket to $114.23.

Source: Press Release

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