Austin, Texas-based Digby, a provider of mobile commerce solutions for retailers, announced the acquisition of Movaya Wireless, Inc., a Seattle, Washington-based mobile software company.
According to an official statement, Movaya Chengdu Technology, Ltd., Movaya’s Asian operations center, will form the basis for Digby Chengdu Technology, Ltd, which will serve to expand mobile commerce market in Asia.
In conjunction with the transaction, Movaya co-Founder and Chief Technology Officer, Stanley Wang, has joined Digby as Vice President of Engineering.
Movaya’s core product, Movaya Platform M, is utilized by software developers, game developers, and content producers to monetize their digital assets created for mobile device users.
Commenting on the deal, David Sikora, founder and CEO of Digby, said that this acquisition positions Digby to aggressively expand its leadership in the worldwide mobile commerce market.
“Movaya is a pioneer in the mobile commerce ecosystem. Its storefront platform and team will significantly extend our current platform and overall production capacity. In addition, our new offices in Chengdu will allow us to serve the largest and fastest growing mobile market on the planet”, he said.
Phil Yerkes, co-founder and Chairman of Movaya, added: “The transaction will allow our mobile commerce vision to be realized through the Digby Mobile Commerce Suite, and it provides a very exciting opportunity for all of Movaya team members”.
The transaction, subject to customary closing conditions, will be finalized by November 15, 2009.
FinSMEs
05/11/2009