News about Acquisition.
February 19th, 2015
Samsung Electronics has announced it is to buy LoopPay, the startup that has developed a way for mobile payments to be made at standard magnetic stripe card terminals. LoopPay’s technology is expected to form part…
February 10th, 2015
Mobile payments platform provider Mozido has acquired Chinese cross-border payment gateway provider PayEase with the aim of introducing its mobile payments and retail marketing solutions into the Chinese market. The move follows the company’s acquisition of mobile commerce specialist CorFire in December 2014 and a US$2.5m investment in SimplyTapp last week.
February 3rd, 2015
Photo messaging platform Snapchat is letting users add friends to their social network by scanning Snaptags, unique QR codes assigned to each user. “Leaked emails from the Sony hack revealed SnapChat quietly acquired a QR code startup called Scan.me late last year,” TechCrunch reports. “Now it makes sense why Snapchat would want to pay $50m for Scan.me, which built a system to connect QR codes to people’s identities.”
January 29th, 2015
UK-based mobile marketing and NFC pioneer Proxama has announced a round of redundancies at its Norwich headquarters with up to 21 people believed to be at risk of losing their jobs. The cuts were announced…
January 19th, 2015
Google is responding to the successful launch of Apple Pay by going on the mobile payments acquisition trail, according to industry rumours — and US carrier-owned NFC venture Softcard, which laid off 60 staff last week,…
December 19th, 2014
Cloud-based mobile payments platform provider Mozido has acquired the majority ownership of mobile commerce specialist CorFire, previously wholly-owned by South Korean IT services provider SK C&C. “By adding [Corfire’s] strength in NFC-enabled mobile wallets to Mozido’s extensive mobile financial services and retail marketing capabilities, we can now give merchants around the world access to a powerful mobile ecosystem,” says Mozido’s Michael Liberty.
November 12th, 2014
NFC-on-microSD pioneer DeviceFidelity has been acquired by Kili Technology, a payments processing solution provider which launched an mPOS “solution-on-a-chip” range last month. DeviceFidelity will now operate as a subsidiary of Kili with founders Deepak Jain…
October 8th, 2014
Boku, the carrier billing specialist which is working with UK networks to let customers charge the cost of physical goods to their mobile phone bill, has acquired Germany-based rival Mopay. “The combined assets of the two companies will offer greater scale and operational efficiency and a more standardized carrier billing solution to the benefit of merchants, carriers and consumers alike,” Boku says.
September 29th, 2014
Mobile offers platform Shopkick, which is working with a number of high profile US retailers to roll out a network of Bluetooth Low Energy (BLE) beacons, has been acquired by SK Planet (SKP), operator of…
July 18th, 2014
Twitter has acquired card-linked offers platform Cardspring for an undisclosed sum. “As we work on the future of commerce on Twitter, we are confident the CardSpring team and the technology they have built are a great fit with our philosophy regarding the best ways to bring in-the-moment commerce experiences to our users,” Twitter says.
June 16th, 2014
“In the area of mobile, there is just tremendous opportunity to enhance the end-to-end experience in both the accommodation business as well as the restaurant business by leveraging mobile as an asset,” Darren Huston, president…
June 13th, 2014
Priceline, the world’s leading accommodation booking platform, is to buy restaurant booking service OpenTable for $103 per share in an all-cash transaction valued at US$2.6billion. OpenTable, which has been testing mobile payments in San Francisco, has seated more than 125million diners worldwide while one million guests stay in accommodation booked by Priceline every night.
June 12th, 2014
Mobile payments provider Powa Technologies has acquired Hong Kong-based MPayMe for US$75m and signed up Taiwan Mobile to offer its PowaTag mobile payments platform. As a result of the MPayMe deal, “Powa’s worth is now…
April 7th, 2014
Inside Secure has bought software obfuscation and encryption specialist Metaforic. The deal will provide “access to key technologies for enabling cloud-based mobile payments security with host card emulation” and is valued at US$11.6m plus a…
April 1st, 2014
Intel is to acquire Inside Secure‘s next generation NFC modem technology in a US$19.2m deal that will also see the existing NFC licensing agreement between the two companies being converted into “a broad and fully…
February 24th, 2014
MasterCard has agreed to acquire NFC technology provider C-Sam. “C-Sam’s on-device application and back-end infrastructure will aid development efforts to enable consumers to use MasterPass both in-store and online across multiple communications technologies, including NFC, QR, barcodes and remote checkout,” says MasterCard. C-Sam’s NFC customers include DNP, Eftpos Australia, Isis, Starhub and TrustNordics.
November 19th, 2012
The sale suggests that Apple’s interest in acquiring Authentec lies with the company’s innovative combined fingerprint and NFC solution, which is not part of the division being acquired by Inside Secure, and will lead to renewed speculation that Apple will include NFC in future iPhones and other devices.
November 13th, 2012
October 19th, 2012
TSM software and services provider Sequent is the new owner of troubled NFC pioneer Vivotech‘s software division. “The acquisition enables Sequent to integrate banks and other service provider’s credentials more efficiently into the secure element…
October 1st, 2012
Gemalto has acquired Ericsson’s Internet Payment Exchange business outside the US, including its NFC TSM service, for an undisclosed sum. IPX will join Gemalto’s Software & Services business line, within the company’s mobile communications division….