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Cambridge-based firm Bango acquires US carrier billing service

acquisition

Cambridge-based mobile payments platform Bango has acquired BilltoMobile, a US carrier billing service owned by Danal Inc, for a reported $3.5m.

The company is expected to pay $3m immediately in cash and the remaining $500,000 in Bango shares at an issue price of 60 pence.

“We have worked with BilltoMobile for many years and there are tremendous synergies already in place,” said Bango CEO Ray Anderson, before adding:

“The unmatched combination of Bango’s powerful technology, coupled with the depth of BilltoMobile’s high-quality software and trusted operator relationships, will now create a premier customer experience for Bango and its app store partners in the U.S. market.”

Founded in 1999, and listed on AIM in 2005, Bango claims the acquisition now positions it as the only processor of carrier billing transactions across all four major US mobile network operators.

BilltoMobile services claims to have processed around $80m of end-user spent last year, allegedly making it the largest carrier billed payments processor in the US in terms of volume.

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