Gemalto NV Acquires Mobile Payment Platform from Ericsson

Monday, 1 Oct 2012 01:00am EDT 

Gemalto NV announced that it closed the acquisition of Ericsson Internet Payment Exchange AB ("IPX") with the exception of operations in USA, from Telefonaktiebolaget LM Ericsson. IPX connects more than 1,000 customers to over 120 Mobile Network Operators (MNOs). IPX also operates payment platforms as a white label service for various operators. As part of the transaction, Gemalto NV is also acquiring Ericsson's Trusted Service Manager (TSM) activity. IPX will join Gemalto NV's Software & Services business line in the Mobile Communications segment. The financial terms of the transaction were not disclosed. 

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