Last deal

$3.03M

Amount

Venture - Series Unknown

Stage

24.03.2009

Date

3

all rounds

$37.41M

Total amount

date founded

Financing round

General

About Company
WAY Systems, Inc. designs and sells mobile wireless point-of-sale solutions for merchants worldwide.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2002

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

The company offers a range of mobile POS devices, printers, and accessories, along with end-to-end infrastructure solutions for mobile application development and maintenance. WAY Systems' Mobile Transaction Terminal (MTT) is a portable and secure solution that transforms mobile phones into POS terminals, making it the most affordable and convenient option in the market. The company was founded in 2002 with the goal of providing cost-effective and secure wireless POS solutions to mobile merchants globally.
Contacts

Phone number

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M&A Details
1

Transaction name

Acquired by

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announced date

01.09.2010

price

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Financials

Funding Rounds
6
3

Number of Funding Rounds

$37.41M

Money Raised

Their latest funding was raised on 24.03.2009. Their latest round Venture - Series Unknown

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People

Founders
2
Will Wang Graylin
Will Wang Graylin

Will Wang Graylin

Will Wang Graylin has started 5 different high tech companies in the mobile and payment space. He is currently Chairman at PaymateUSA, a turnkey solution provider for Payment Service Providers (PSP) focused on mobile commerce. Most recently, he was founder and CEO of ROAM Data, a leading mCommerce platform provider. He grew ROAM from zero to a $26M annualized run rate before selling his shares to Ingenico. ROAM turns merchants’ mobile devices into secure point of sale (POS) terminals and turns the mobile marketing channel into a mobile sales channel by enabling secure commerce in mobile apps and offers with convenient mobile checkout. Prior to ROAM, Will was founder and CEO of WAY Systems, world’s first pocket size point of sale (POS) solution and service to the market, later acquired by Verifone. WAY Systems won numerous international awards for payment innovation including the Sesames Award at Cartes, and Will was honored with the 2005 “Movers & Shakers Award” by Transaction World magazine. Prior to WAY he was founder and CEO of EntitleNet, a security software company enabling Web and eCommerce applications with secure access management, sold to BEA Systems (now part of Oracle). Before that he was founder and President of Marbles (later Skyfire Technologies,) the world’s first thin-client mobile software company focused on enterprise mobile workforce applications. He is also currently serving on the board of two other companies including NYSE traded Sino Hub (SIHI), a mobile phone supply chain company. Will earned two Masters degrees from MIT (MBA & MSEECS) after serving as a US Navy Nuclear Submarine Officer for nearly 6 years, (he was the first Chinese immigrant to serve in that role, after being naturalized as a US citizen in 1987.)

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Indigo Technologies
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Alex Pentland
Alex Pentland

Alex Pentland

Professor Alex (Sandy) Pentland is MIT's Toshiba Professor of Media Arts and Sciences as well as Director of Human Dynamics Research. He is Faculty sponsor of the Next Billion Network and the EPROM enterpreneurship program in Africa and formerly served as the Academic Head of the MIT Media Laboratory. Pentland is one of the 30 most cited researchers in the field of computer science, and Newsweek has recently named him one of the 100 Americans most likely to shape the 21st century. Pentland is a pioneer in mobile information systems, health informatics, smart environments, and technology for developing countries. He has won numerous international awards in the Arts, Sciences and Engineering, including from the AAAI, IEEE, and Ars Electronica, and has published more than 200 scientific articles. His "Future of Cyberfashion" event which combined technology and fashion received rave reviews from a broad range of news organizations including the New York Times, LA Times, Newsweek, Time, ABC, NBC, and Vogue, and was named "Idea of the Year" by Parade Magazine. Pentland is a co-founder and serves as chief sociometrician at Thasos Group. Pentland holds a Ph.D. from the Massachusetts Institute of Technology and a Bachelor's degree from the University of Michigan. Sandy Pentland, Co-Founder of Thasos Group, Keynote at Quandl ADC18: “Alternative AI for Alternative Data”: https://vimeo.com/256142046

current job

Endor
Endor

organization founded

9

Alex Pentland

Employee Profiles
5
Alex Pentland

Alex Pentland

Co-Founder

Terry Hsiao

Terry Hsiao

Team Member

Will Wang Graylin

Will Wang Graylin

Founder and CEO

Bruce Shirey

Bruce Shirey

COO

Activity

Recent News
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