Smart Bytes: IVI Checkmate Closes $5M Deal for Debitek

IVI Checkmate Corp. of Toronto and Atlanta said it has completed the purchase of Debitek Holding Ltd. of Chattanooga, Tenn., for $5 million in stock.

The acquiree's principal subsidiary, Debitek Inc., is a leading supplier of cashless payment systems for universities, public libraries, laundries, correctional institutions, and other closed systems using both magnetic stripe and chip technologies.

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