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Visa acquires Fraedom

Feb. 09, 2018 6:46 AM ETVisa Inc. (V) StockBy: Clark Schultz, SA News Editor11 Comments
  • 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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