Calpian, Inc. completed the acquisition of substantially all assets of Pipeline Data, Inc. (OTCPK:PPDA.Q).
March 15, 2013 at 09:30 am IST
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Calpian, Inc. (OTCBB:CLPI) entered into an asset purchase agreement to acquire substantially all assets of Pipeline Data, Inc. (OTCPK:PPDA.Q) for $9.8 million in cash on February 27, 2013. The transaction is financed through expanding Calpian's senior credit facility from $5 million to $14.5 million and borrowing $10.2 million. Calpian, Inc.'s President, Craig Jessen will lead the new organization. The transaction is expected to close on March 15, 2013. Thomas J. Francella, Brent C. Strickland, Kevin G. Hroblak, J. Daniel Vorsteg of Whiteford, Taylor & Preston LLP acted as legal advisors for Pipeline. AlixPartners LLP and Dragonfly Capital LLC acted as financial advisor for Pipeline Data. Christopher Marcus and Jeffrey A. Fine, P.C. of Kirkland & Ellis LLP acted as debtor counsels for Pipeline. Monica S. Blacker and Quentin Faust of Andrews Kurth LLP acted as legal advisors for Calpian.
Calpian, Inc. (OTCBB:CLPI) completed the acquisition of substantially all assets of Pipeline Data, Inc. (OTCPK:PPDA.Q) on March 15, 2013. As a result of the acquisition, Calpian Commerce was formed from the assets acquired.
MoneyOnMobile, Inc. is an India focused mobile payments technology and processing company offering mobile payment services. The Company enables Indian retailers to use mobile phones to accept payment for goods and services or transfer funds from one person to another. It can be used as simple SMS text functionality or through the MoneyOnMobile application or Internet site. It has more than 350,000 retail locations throughout India. With MoneyOnMobileâs system, retailers use their mobile phones to make payments on behalf of their customers for utilities or to transfer currency to other consumers using text-messaging and mobile application technology. It enables Indian retailers to use their mobile phones to pay for third party goods and services on behalf of a consumer, or transfer funds from one consumer to another, or to allow a consumer to withdraw from their bank account. The Companyâs payment service is available in every state within India.
MONEYONMOBILE, INC. 
