Sybase announces acquisition of mobile payment solutions provider

Sybase, Inc, which has been exclusively focused on managing and mobilizing information, has acquired paybox Solutions AG, a global leader in mobile payment solutions.

With this acquisition, Sybase intends to bolster its Unwired Enterprise strategy by extending its mobile infrastructure to mobile payments.

Sybase will now provide mobile operators, financial institutions and merchants with a full suite of mobile payment solutions enabling their 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 – fueling 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, a wholly-owned subsidiary of Sybase, Inc. paybox also brings to Sybase a proven track record and a solid customer base.

Sybase is already providing global operator connectivity to more than 700 mobile operators, and has a long history in delivering mission-critical systems to financial institutions. Combined with paybox’s capabilities and expertise in mobile payments, Sybase hopes to extend its leadership and global mCommerce footprint.

With this acquisition, Sybase empowers mobile operators, financial institutions and merchants to quickly launch mobile commerce services to their customers in both emerging and developed markets around the world.