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September 26, 2007
VC-backed PrePay Technologies Acquired by France's Accor
Venture capital firm Arts Alliance wrote in today to say that it had sold portfolio company PrePay Technologies Limited for £50M to Accor's Services subsidiary, which is in the voucher business. Arts and GRP Partners seed funded the venture back in 2000.
Its business is prepaid card solution to the likes of Debenhams, Virgin Money, and Ticketmaster and said in a statement that it was a pioneer in the field and it employs 50 people.
Arts Alliance invests in technology enabled services. Other investments include LOVEFiLM, Lastminute.com, Arts Alliance Media, Player X and Propertyfinder.
Posted on September 26, 2007 06:28 PM | Posted to News And Updates | Permalink
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