Sybase Acquires Mobile Payment Solutions Provider paybox

Enterprise software and services company Sybase has acquired paybox Solutions AG, a provider of mobile payment solutions. With this acquisition, Sybase continues 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."

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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.

"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.