Online Resources Corporation (Nasdaq: ORCC) today announced a definitive agreement to acquire Internet Transaction Solutions, Inc. (ITS), for $45 million in stock and cash.
ITS has over 150 clients and processes more than 5 million payments per year. The company is a leading provider of web, IVR and call center payments to the receivables management and utility industries.
The ITS acquisition extends Online Resources’ commitment to the BSP business it entered through the acquisition of Princeton eCom in 2006.
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