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Transaction Technologies Inc history
Transaction Technologies Inc company history timeline
Concours Mold Inc. started out as a two-man, 4000 sq.ft. tool shop founded by Mark Goggin in 1994
Financially invigorated after two stock offerings, the company turned its attention to the expanding markets and emerging industries in the "electronic world." Fisher was looking for acquisition candidates that could extend TSA's market reach and found one in late 1995.
IEEE Computer Society, Los Alamitos (1996)
X/Open Company Ltd: Distributed transaction processing: reference model, version 3 (1996)
Net1 was incorporated in Florida in May 1997.
Morgan Kaufmann, San Fransisco (1997)
IEEE Computer Society, Los Alamitos (1997)
Also in 1998, the company strengthened its presence in the market for home banking software, convinced that the practice of paying bills and transferring money from a consumer's home computer would develop into a widespread trend.
MessagingDirect Ltd., a Canadian provider of software for presenting bills and financial statements, was acquired in October 2000 in an all-stock deal worth about $50 million.
The TSA product set extends from ATM processing solutions to products that address emerging technologies like the Internet and smart cards, while operating on a variety of hardware platforms and offering Year 2000 compatibility.
Former Chairman and CEO Fisher had left the company in May 2001 after returning from retirement the previous year.
Ceponkus, A., Dalal, S., Fletcher, T., Furniss, P., Green, A., Pope, B.: Business transaction protocol version 1.0, June 2002. http://www.oasis-open.org/committees/business-transactions/
IBM DeveloperWorks, August 2002. http://www.ibm.com/developerworks/library/ws-wstx1/
In June 2004, Net1 acquired Net1 Applied Technology Holdings Limited, or Aplitec, a public company listed on the Johannesburg Stock Exchange, or JSE.
IEEE Computer Society, Los Alamitos (2004)
Revenues slipped slightly to $292 million in fiscal 2004.
Web services description language (WSDL) version 2.0 part 0: Primer, August 2005. http://www.w3.org/TR/2005/WD-wsdl20-primer-20050803/
The company was reorganized along line and staff functions into a single operating unit in October 2005.
In 2005, Net1 completed an initial public offering and listed on the Nasdaq Stock Market.
Beta Technical Report WP 140, Eindhoven University of Technology (2005)
Philip G. Heasley, formerly an executive with United States Bancorp and Bank One Corp., was hired as TSA's CEO in 2005 to help guide it through this situation.
S2 Systems Inc., a Plano, Texas-based company, was acquired for $35 million in the summer of 2005.
JSR-095 J2EE activity service for extended transactions 1.0 final release. java.sun.com (May 2006)
The new acquisition led the market in a country that was said to have the third largest volume of electronic transactions in the world, behind the United States and the United Kingdom. It announced that it was buying Frankfurt, Germany's Electronic Payment Systems AG in May 2006 in a deal worth $36 million.
OASIS, April 2007. http://docs.oasis-open.org/ws-tx/wstx-wscoor-1.1-spec-os.pdf
IEEE Computer Society, Los Alamitos (2007)
In October 2008, Net1 listed on the JSE in a secondary listing, which enabled the former Aplitec shareholders (as well as South African residents generally) to hold Net1 common stock directly.
Action and Lakeshore represent SyBridge’s fifth and sixth acquisitions in 2021.
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