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France’s Gemalto Acquires Israeli Start-up Trivnet for $40 mln

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Monday, September 6th, 2010

French digital security company Gemalto bought Israel’s Trivnet, one of the leading players in the growing Mobile Financial Services space, enabling mobile payments, mobile commerce, mobile wallet “banking the unbanked”, and mobile money transfer. Through Trivnet’s system, communications providers can offer their subscribers financial services.

Trivnet formed several impressive collaborations in recent years, including with Amdocs, which invested in the company, and with Telefonica, which introduced it into Spain and Latin America.

Trivnet was founded in 1997 and has offices in Israel, India, Spain and Latin America.