Company Overview of Square, Inc.
Square, Inc. provides credit card reader applications for iPhone, Android, and iPad devices. The company offers Square Register, which enables merchants to accept payments on smartphones and iPad; and Square Wallet that links the credit or debit card and makes payments. It also offers third party accessories, such as a cash drawer, receipt printer, and barcode scanner online; and Square Stand, which turns an iPad into a complete point of sale solution that is available through Apple retail stores and Best Buy stores for brick and mortar businesses in the United States. The company was formerly known as Seashell, Inc. Square, Inc. was founded in 2009 and is based in San Francisco, California.
1455 Market Street
San Francisco, CA 94103
Founded in 2009
Key Executives for Square, Inc.
Vice President of Communications & Brand Marketing
Vice President of International
Compensation as of Fiscal Year 2013.
Square, Inc. Key Developments
Square Reportedly Mulls IPO
Nov 6 13
Square, Inc. is seeking to launch its initial public offering (IPO) in year 2014, sources with knowledge of the matter said. Also it has held discussions with banks, including Goldman Sachs & Co. (San Francisco branch) and Morgan Stanley (NYSE:MS), about a 2014 IPO, a person familiar with the matter said. However, no bank has been hired and the timing of a deal could change, the person added. A spokesman for Square, Goldman and spokeswoman of Morgan Stanley declined to comment to Wall Street Journal.
Square, Inc. Announces Executive Changes
Oct 31 13
Square has appointed David Viniar to its Board of Directors, where he will also serve as Audit Committee Chairman. Viniar was most recently Executive Vice President and Chief Financial Officer of Goldman Sachs, and is currently a member of its Board of Directors. Viniar joined Goldman Sachs in 1980, where he amassed over 30 years of experience. He became the CFO in 1999 and served in that capacity for over 13 years. He was also the head of the Operations, Technology, Finance and Services Division. Viniar replaces Howard Schultz, who has stepped down from company's Board.
Unwired Planet Charges Square, Inc. with Infringement of Three Mobile Payment Patents
Oct 21 13
Unwired Planet, Inc. through Unwired Planet LLC announced it has filed a patent infringement complaint against Square, Inc. in the U.S. District Court for the District of Nevada. The suit was filed by Unwired Planet to protect the Cloud & Services portion of its intellectual property (IP) licensing business. In the complaint filed in Reno, Nevada, Unwired Planet charges Square with infringing three of its patents related to location-based services and mobile payments. Unwired Planet has partnered with Morgan Lewis under an alternative fee arrangement. The arrangement involves a combination of fixed and success payments which begin the first quarter of the company's fiscal year 2015. The patents asserted against Square in this matter are: United States Patent No. 7,711,100, entitled ‘System and Method for Controlling Financial Transactions Over a Wireless Network,’ asserted against Square Wallet. This patent generally relates to location-based, financial transactions made by wireless devices; United States Patent No. 7,376,433, entitled ‘Subscriber Delivered Location-Based Services,’ asserted against Square Wallet. This patent generally relates to location-based merchant selection and transactions made by wireless devices; and United States Patent No. 8,275,359, entitled ‘Wireless User Based Notification System,’ asserted against Square Wallet and Square Register. This patent generally relates to location-based mobile device notifications.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|