Network365 and iPIN Merge

Friday 21 November 2003 11:00 CET | News

Network365 and iPIN have agreed to combine their businesses in a merger to create the global leader in payments technology.

The newly combined company, to be called Valista, with the tagline one choice for global payments, brings together Network365s dominance in the Japanese and Asian markets and iPINs European and US leadership positions, while uniting the two companies complementary product sets. The merger, approved by the boards of both companies, is expected to be completed by January 2004 and will create the worldwide market leader in electronic and mobile payments technology. Industry analysts have reacted positively to the merger, viewing it as a significant event which will enable the growth of payments technology and the evolution of standards. Network365 develops software that enables wireless operators, banks and enterprises to deploy mobile data solutions with mzone, a comprehensive payments, multi-channel top-up and service delivery suite. Its award-winning mzone technology has been deployed in 18 countries and in multiple languages by key customers including NTT DoCOMo, 3, Hong Kong CSL, O2 ,Taito Corporation and TODO1 in the Americas. Network365 has offices in Ireland, Asia, Europe and the Americas. iPINs Enterprise Payment Platform (EPP) is a single, multi-operator, interoperable, end-to-end platform that powers a variety of payment applications deployed by both operators and enterprise clients in the US and Europe. iPINs customers and partners include Vodafone UK, France Telecoms w-HA, Orange and Wanadoo, T-Online and Tiscali in France, General Motors, Accenture, Cap Gemini Ernst and Young, Convergys and Gemplus.

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Keywords: ,
Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce