- 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