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Sybase Acquires Mobile Payment Solutions Provider paybox Solutions

Dublin, Calif.-based Sybase, Inc., an enterprise software and services company focused on managing and mobilizing information, has acquired paybox Solutions AG (Raunheim, Germany), provider of mobile payment solutions. This acquisition will enable Sybase 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, says the company.

"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."

Peggy Bresnick Kendler has been a writer for 30 years. She has worked as an editor, publicist and school district technology coordinator. During the past decade, Bresnick Kendler has worked for UBM TechWeb on special financialservices technology-centered ... View Full Bio

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