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Short Take: CyberCash buys Tellan

Online payment company CyberCash has acquired Tellan Software, a competitor in both the Internet and offline payments market. Terms of the deal, expected to close in mid-July, were not disclosed, and Tellan's revenues were not available. In March 1998, CyberCash acquired IC Verify, which like Tellan had software for physical stores that use PCs for cash registers.

Online payment company CyberCash has acquired Tellan Software, a competitor in both the Internet and offline payments market. Terms of the deal, expected to close in mid-July, were not disclosed, and Tellan's revenues were not available. In March 1998, CyberCash acquired IC Verify, which like Tellan had software for physical stores that use PCs for cash registers.