Monday, October 1, 2012

Gemalto acquires mobile payment platform from Ericsson


AMSTERDAM - (  ) - Regulatory News:
Gemalto (Euronext NL 0000400653 GTO), the world leader in digital security, announced this day that it has completed the acquisition of the mobile payment solution for Ericsson Internet Payment Exchange AB ("IPX") off its activities in the United States, to Telefonaktiebolaget LM Ericsson (NASDAQ: Ericsson), a global leader in technology and communication services. Created by Ericsson IPX has developed one payment platforms and mobile messaging leader in the world. IPX connects more than 1000 customers and 120 mobile operators. IPX also operates payment platforms "white label" for various operators. IPX, headquartered in Stockholm, employs around a hundred people. As part of the same operation, Gemalto acquires Trusted activity also Service Manager (TSM) to Ericsson. IPX will be integrated in the Software & Services business segment Mobile Gemalto. The terms of the transaction were not disclosed.
Commenting on the transaction, Richard Anell, IPX director, said: "IPX has built a solid platform and international activity. Now Gemalto's commitment in the development of mobile payment services, identity and mobile security, and expertise in advanced technologies for secure cards and mobile contactless applications (NFC), will be a decisive advantage to expand our offering and accelerate our growth. We are particularly pleased and motivated to belong to this new group, strongly interested in our business and the solutions are complementary. "
And Olivier Piou, CEO of Gemalto, added: "The acquisition of IPX is a natural step for us in the rise of our payment management services and identity for operators and mobile providers mobile services. Positioning IPX international player based on the most advanced technology from Ericsson, fits in perfectly with the ambition of Gemalto in this area. "
About Gemalto
Gemalto (Euronext NL0000400653 GTO) is the world leader in digital security with 2011 revenue of 2 billion euros. Present in 43 countries, Gemalto employs more than 10 000 employees working from 74 offices and 14 Research & Development centers.
We develop in the heart of the digital world in rapid and constant. Billions of people around the world demanding more freedom to communicate, buy, travel, banking, entertain, and work - anytime, anywhere - so comfortable and safe. Gemalto delivers on the growing demands for their personal mobile services, payment security, authenticated access to the "cloud" protection of identity and privacy, e-health services and e-government performance, ticketing urban transport easy to use and reliable M2M applications.
Gemalto develops embedded software and security products we design and customize. Our software platforms and services these products manage secure confidential data they contain and secure services they make possible for end users. Our innovations offer our customers new opportunities to improve the convenience and security of digital lives of everyone.
Gemalto continues to grow with the growing number of people who use its solutions to interact in the digital and wireless world.
For more information, visit our www.gemalto.com / France , www.justaskgemalto.com , blog.gemalto.com or follow @ GemaltoFrance on twitter.


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