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August 04, 2015 4:48 PM ET

Software

Company Overview of Square, Inc.

Company Overview

Square, Inc. provides Square Reader, a credit card reader for iPhone, iPad, and Android devices that enables businesses to accept credit cards payments. It offers Square Register, an application that works with Square Reader to turn a smartphone or iPad into a mobile point of sale, as well as provides payments, sales reports, hardware—register, and other services. The company also provides Square Capital that offers access to funds for growing businesses; Square Cash, a solution for sending and receiving money; and Square Market that enables users to shop online in home, art and design, tech, fashion, accessories, jewelry, baby and kids, food, health and beauty, and other sectors. In additio...

1455 Market Street

Suite 600

San Francisco, CA 94103

United States

Founded in 2009

Phone:

415-375-3176

Fax:

855-204-8795

Key Executives for Square, Inc.

Co-Founder, Chief Executive Officer and Director
Age: 38
Co-Founder and Director
Chief Financial Officer
Age: 42
Head of Customer Acquisition
Vice President of Communications & Brand Marketing
Age: 41
Compensation as of Fiscal Year 2015.

Square, Inc. Key Developments

The U.S. Patent and Trademark Office's Patent Trial and Appeal Board Rejects Challenges from Square Inc

The U.S. Patent and Trademark Office's Patent Trial and Appeal Board (PTAB) has issued a final written decision confirming the patentability of five patent claims covering card-reader technology invented and owned by Washington University Professor Dr. Robert E. Morley Jr. In its decision, the PTAB rejected a series of challenges to U.S. Patent No. 8,584,946 filed by Square Inc.

Square, Inc. Reportedly Up For Sale

Square, Inc. may be available for sale. Ahead of heavy losses the company may plan to put itself on sale. Meanwhile, Forbes, citing unnamed sources, reported the company is trying to position itself for an IPO later this year. Square plans to file a "confidential" registration statement.

Square May Reportedly Conduct IPO

Square, Inc. could conduct an initial public offering this year if it wanted to, its former chief operating officer said. “It will be a public company, the only question is when is the right opportunity to take advantage of that,” Keith Rabois, who was Chief Operating Officer of Square from 2010 to 2013 said. Square isn’t interested in selling itself, Rabois said. The company is growing “incredibly fast,” and has margins that are five times greater than Amazon Inc.’s, he said. A spokesman for Square declined to comment on whether or not the company is preparing for an IPO.

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