Sybase acquires mobile payment solutions provider Paybox

With this acquisition Sybase continues to bolster its Unwired Enterprise strategy by extending its leading mobile infrastructure to mobile payments. Thus 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. 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." said Marty Beard, president of Sybase 365.

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. As a provider of the broadest mobile commerce offering, paybox also brings Sybase a proven track record and a solid customer base.

Sybase is already a leader in mobile technology, global operator connectivity to more than 700 mobile operators. With this acquisition, Sybase empowers mobile operators, financial institutions and merchants to quickly launch mobile commerce services to their customers.

Sybase is the largest enterprise software and services company exclusively focused on managing and mobilizing information for people anywhere using any device.

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