CyberCash said the acquisition will consolidate its dominance in the payment software market, including physical points of sale and integrated enterprise payment solutions.
Financial terms were not disclosed.
Tellan, a privately held company founded in 1992, produces payment processing software for Internet commerce, as well as global enterprises wishing to consolidate disparate payment applications into a centralized payment platform. The company's brands include MacAuthorize, PCAuthorize and WebAuthorize. Tellan products are certified with major U.S. bank networks for business-to-business and consumer-to-business transactions.
"The Tellan product line enhances CyberCash's position as the leading provider of solutions that enable merchants to conduct e-commerce simply in both the physical and virtual worlds," said Jim Condon, president and COO of CyberCash.
CyberCash brands include ICVERIFY, PCVERIFY, CashRegister, NetVERIFY, CyberCoin, PayNow and InstaBuy.
