World VoIP NewsGemalto Increases its Investment in NetsizeGemalto Increases its Investment in Netsize

Gemalto Increases its Investment in Netsize

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Gemalto has confirmed that it has subscribed to a capital increase in messaging aggregator, Netsize, with an option to potentially acquire the company outright at a later date. Prior to this capital increase, Gemalto already held 24% of Netsize. The terms of the transaction were not disclosed.
­Netsize offers mobile payment solutions based on operator billing (through premium SMS, MMS and WAP for example) for 100 mobile operators in 28 countries. Netsize employs approximately 180 people, and will continue to operate as a stand-alone company within the Gemalto Group.

Olivier Piou, Chief Executive Officer of Gemalto, stated: "Gemalto invested in Netsize back in 2001 and was the first and largest outside investor in Netsize. It is natural extension of our long term relationship that Gemalto now becomes Netsize's majority shareholder. Netsize's mobile payment platform complements our rapidly expanding mobile software and services offering."

"Netsize has been a pioneer in mobilizing business and commerce" commented Philippe Vallйe, Executive Vice President for Telecom at Gemalto. "Netsize's "one click" mobile payment solution is a key brick in enabling the monetization of mobile phone downloads and app-stores".

Stanislas Chesnais, Founder and CEO of Netsize, added "Gemalto's investment will facilitate our expansion into new markets such Latin America, Africa and South East Asia. We look forward to leveraging Gemalto's digital security technology to make mobile payments even more pervasive and convenient".

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