Sybase, an enterprise software and services company, has today announced that it has acquired paybox Solutions AG, a specialist in mobile payment solutions.
Sybase will now provide mobile operators, financial institutions and merchants with a full suite of mobile payment solutions enabling customers to undertake person-to-person remittances, make payments for goods and services, top-up mobile airtime and pay bills from a mobile device, in both developed and emerging markets.
"Mobile payments are an increasingly critical part of mobile computing, a core component of our Unwired Enterprise strategy," said Marty Beard, president of Sybase 365. "The sheer number of people with access to a mobile phone in both developed and emerging markets around the world, means the mobile device has the potential to become a dominant vehicle for consumers to connect and transact conveniently, anytime, anywhere, fuelling the mobile economy. This acquisition extends our offerings and capabilities to enable this mobile economy."
A privately held company founded in 1999 and headquartered in Raunheim, Germany, paybox will be integrated into Sybase 365. As a provider of the broadest mobile commerce offering, paybox is also said to bring Sybase a proven track record and a solid customer base.
"This acquisition is a natural progression of the partnership agreement signed between the two companies in Q4 last year. paybox and Sybase share the same vision for mobile commerce that is in line with where the market is headed and what customers are demanding from their mobile phones," said Eckhard Ortwein, CEO paybox. "By combining mobile messaging and mobile payments offerings, it will be difficult for any competitor to match our mobile commerce services."