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WAY Systems Inc (AKA: Way Systems Security Corporation)
Profile last edited on: 3/10/11      CAGE:       UEI:

Business Identifier: Mobile technology
Year Founded
2002
First Award
2003
Latest Award
2003
Program Status
Inactive (Acquired)
Popularity Index

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  Explanation Edit

Location Information

200 Unicorn Park
Woburn, MA 01801
   (781) 569-0414
   info@waysystems.com
   www.waysystems.com
Location: Single
Congr. District: 05
County: Middlesex

Public Profile

In September 2010, WAY Systems Inc was acquired by VeriFone Systems. WAY Systems, Inc. transforms GSM mobile handsets into Point of Sale (POS)/ATM terminals to meet the demand for a low-cost wireless POS solution. WAY's Mobile Transaction Terminal (MTT) technology converts any GSM mobile phone into a mobile authentication and payment terminal that expands ATM/POS functionality from an existing market of 10 million large/medium merchants to a market of more than 100 million small merchants

Extent of SBIR involvement

User Avatar
Phase I Awards
1
Phase II Awards
0
Conversion Rate
0.00%
Phase I Dollars
$99,616
Phase II Dollars
$0
Total Awarded
$99,616

Synopsis: Awardee Business Condition

Employee Range
50-74
Revenue Range
5M-7.5M
VC funded?
Yes
Public/Private
Privately Held
Stock Info
----
IP Holdings
1-4

Awards Distribution by Agency

Most Recent SBIR Projects
Year Phase Agency Total Amount
2003 1 NSF $99,616
Project Title: Mobile-Transit Transaction Device

Key People / Management

  Fred Gumbel -- President

  George Devitt -- Chief Marketing Officer

  Stu Fullerton -- Vice President of Sales

  William Graylin -- Former President

  Terry Hsiao -- President International

  LanceCTO Nakamura -- CTO

  Jim Financial Of Norton -- Chief Financial Officer

  Andrew Petrov

  Jon Schau -- Vice President of Engineering

  Bruce R Shirey -- Vice President, Global Services

Company News

There are no news available.