Metatron has signed a Letter of Intent (LOI) with the shareholders of Just Data, a Delaware corporation, to acquire 100% of its outstanding common stock and make Just Data a wholly-owned subsidiary of the company.
Just Data has claimed that its solutions process credit cards, electronic checks, and telephone orders, and work with any business model, including internet, broadband, wireless, call centers and even retail establishments.
Commenting on the potential acquisition, Joe Riehl, CEO of Metatron, stated: It’s no secret that credit card processing is a huge market. We partnered with Just Data some time ago as it was a natural fit with our business model. Since monetization is the key to our success, it is more important than ever that we not leave any potential revenue on the table.
The interesting thing that we are seeing now, however, is that while we originally worked with Just Data only with our sites and services, we now have potential contracts in the works just for transaction processing, which we expect to announce soon. In other words, we anticipate that Just Data will prove itself to be a solid, stand-alone revenue generator and will be very happy to welcome them into our team, he added.
Metatron Inc. is a diversified internet holding company. Metatron partner companies address vertical market segments in the online dating, mobile application development and marketing, online payment processing, and internet consulting industries.
Just Data is an Internet Payment Service Provider (IPSP) that enables merchants to accept payments online.
