Subsequent Events

6 Months Ended

Jun. 30, 2014

Subsequent Events [Abstract]

Subsequent Events

14. Subsequent Events

On July 21, 2014, the Company announced it entered into a definitive transaction agreement to acquire Retail Decisions (“ReD”) for $205 million in cash to be financed using the Company’s existing Revolving Credit Facility and an incremental term loan. ReD is a leader in fraud prevention solutions and their technology and software solutions will bring the Company a proven, global SaaS-based ecommerce offering with integrated fraud detection/management. The transaction is expected to close during the three months ended September 30, 2014.

On July 21, 2014, the Company entered into a commitment letter (the “Commitment Letter”), pursuant to which, subject to the terms and conditions set forth therein, a syndicate of financial institutions committed to provide, as a source of funding for the transactions contemplated by the definitive transaction agreement to acquire ReD, financing of up to $150 million (the “Commitment”). The Commitment is subject to various customary conditions.