Monday, November 24, 2003

Network365 and iPIN merge to become a global player in payments technology

Net4Nowt reported last week:

Network365 and iPIN announced that they have agreed to combine their businesses in a merger to create the global leader in payments technology. The merger, approved by the boards of both companies, is expected to be completed by January 2004. The name of the new company will be Valista.

Network365 develops software that enables wireless operators, banks and enterprises to deploy mobile data solutions with mzone(R), 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.