Mergers & Acquisitions

Mergers & Acquisitions

September 14, 2011

Mobile Interactive Group Acquires Global Micropayments Business, Zaypay

Mobile Interactive Group (MIG), a global integrated mobile and digital technology business and one of the fastest growing privately owned technology company in the UK and EMEA, has acquired global micropayments business, Zaypay - - 'Big in small payments.'

Zaypay was acquired for an all cash undisclosed sum.

Based in the Netherlands, Zaypay is a profitable mobile micropayments business that launched in 2006.

To date, the business has provided secure micropayment solutions to several hundred global customers through one secure easy to use platform.

"MIG's vision for Zaypay is to build a one stop shop for online and mobile monetization solutions to merchants, online billing providers and developers globally,” said Barry Houlihan, CEO and founder, MIG, in a statement

“We understand that developers are driving our industry now and Zaypay is a platform that has been built by developers, for developers,” said Houlihan.

He said that the company’s aim is to build stronger relationships specifically with the developer community, to provide developers with a frictionless payment system that's tailored to their platforms and to further understand and support their requirements around monetization on an international scale.

"We're extremely proud of what we've achieved over the past five years; we've built a profitable micropayments technology business and now, with the acquisition from MIG, the Zaypay business can be taken to the next level,” said Bastiaan Peters, CTO, Zaypay. 

Peters said that MIG is a well-respected business that has a strong reputation for developing robust global technology platforms. 

He said that it will be exciting to work with a group of such forward thinking, innovative individuals who understand where the industry is going and who have a clear vision for the future.

MIG will continue to operate Zaypay as a standalone business.

In June 2010, MIG acquired mobile marketing and CRM provider Piri Limited and in February 2011 announced the acquisition of mobile technology, services and marketing company Golden Bytes International B.V. (GB).

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Anil Sharma is a contributing editor for TMCnet. To read more of his articles, please visit his columnist page.

Edited by Rich Steeves

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