Hitachi Acquires Chennai Based Prizm Payment Services; Sequoia & Other Investors Exit

Hitachi has acquired Prizm Payment Services, a Chennai based ATM & POS system provider backed by Sequoia Capital, Axis Bank and Winvet Holdings. Transaction to be completed by end of Feb 2014. Prizm employs about 1,100 people and reported Rs 500 cr in revenues at the end of March 2013. Link

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s