HYC Hypercom Corp

Hypercom Corporation (NYSE: HYC) announced today the completion of its merger with a wholly-owned subsidiary of VeriFone Systems, Inc., following which Hypercom is now a wholly-owned subsidiary of VeriFone. In connection with the closing, Hypercom Corporation divested its U.S. payment solutions business to The Gores Group, LLC as part of its settlement with the U.S. Department of Justice, immediately prior to the merger closing. In addition, immediately prior to the merger closing, Hypercom Corporation divested its UK and Spain businesses to a wholly owned subsidiary of KleinPartners Capital Corp.

"In fewer than four years, Hypercom has increased revenue from almost $250 million to nearly $470 million and built strong relationships with hundreds of customers in many regions across the world,” said Philippe Tartavull, Chief Executive Officer and President of Hypercom. “On behalf of our shareholders, I thank Hypercom's employees for a tremendous track record of success and integrity that has created significant value. The combined company should create new growth opportunities and deliver a significant opportunity for our shareholders to benefit from being owners of an even stronger global company.”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This press release includes certain forward-looking statements related to VeriFone Systems, Inc. and Hypercom Corporation within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of VeriFone Systems, Inc. and Hypercom Corporation. These risks and uncertainties include whether the anticipated benefits of the acquisition can be achieved. For a further list and description of risks and uncertainties, see our periodic filings with the Securities and Exchange Commission. VeriFone and Hypercom are under no obligation to, and expressly disclaim any obligation to, update or alter their forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise. HYCP

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