Summit Sells Ogone for â¬360M

Ogone, a Summit Partners portfolio company that provides online payment services, has been purchased by Ingenico for an enterprise value of €360 million ($461.5 million). Based in Brussels, Ogone's online payment platform solutions extend across 35 countries and serve more than 42,000 merchants, primarily in Europe. Clients can manage payments in several domains, including e-commerce, ticketing, call centers, airlines and travel in both B2C and B2B environments. Summit Partners acquired a majority stake in the company in June 2010.

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