Roamware acquires Macalla - CIOL News Reports

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Roamware acquires Macalla

With the new acquisition, Roamware aims to build upon its roaming expertise and become a market leader in MFS, specifically addressing the needs of low income, unbanked communities across the world

Wednesday, September 09, 2009

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SAN JOSE, USA: Roamware Inc., a provider of mobile roaming solutions, today announced that it has completed the acquisition of Macalla Software Ltd, a developer of mobile financial services (MFS) solutions.

Macalla's m-commerce and mobile banking solutions are successfully deployed by banks and operators around the world; these solutions include credit transfer, international remittance, person to person transactions, top-up and bill payment, said a press release.

With Macalla's acquisition, Roamware aims to build upon its roaming expertise and become a market leader in MFS, specifically addressing the needs of low income, unbanked communities across the world.

"We are clearly the market leader in roaming with over 60 per cent global market share and 382 global network operators as customers," said Bobby Srinivasan, CEO of Roamware. "The move into mobile banking and m-commerce is a natural extension for us as it leverages our customer relationships, business partnerships and technology innovation - banking for the un-banked is a massive market opportunity for Roamware."

He added that the Macalla acquisition brings them domain expertise and a proven platform that would enable them to take a leadership position in this emerging category.

Niall O'Cleirigh, co-founder and CEO of Macalla, said, "Macalla has been a leading innovator enabling mobile money transactions across banks, remittance service providers and mobile operators. By joining forces with Roamware, we can benefit from its global reach and relationships within the mobile community to build a true global ecosystem of mobile financial services."

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