As reported in Invest in Israel, Billing software company Amdocs has acquired mobile payments and m
essaging firm MX Telecom for $104 million in cash. MX Telecom provides connectivity and infrastructure, as well as facilitating payment and digital content delivery.
The British mobile payments and messaging aggregator will become part of Amdocs’ OpenMarket US mobile transactions hub.
OpenMarket provides a set of payment, messaging and emerging services that allow businesses to expand their marketing initiatives by leveraging the mobile channel. The joint OpenMarket-MX Telecom business will provide a hosted platform to extend mobile payment and messaging capabilities through an integrated network and product portfolio.
Amdocs is an Israeli founded provider of software and services for billing, customer relationship management (CRM) and operations support systems (OSS).