|[March 04, 2013]
Spire Payments Acquires Thyron and Makes Its Debut in the Mobile Payment Market
LONDON --(Business Wire)--
Spire Payments is delighted to announce the acquisition of Thyron
Payments Systems, a recognised leader in the mobile payments market. The
purchase, which concluded today, sees Spire Payments solidifying its
position as the third largest player in Europe by providing a market
leading Chip and PIN / PCI (News - Alert) SRED certified mobile point of sale (MPOS)
solution alongside the new range of Spire Payments terminals, due to be
rolled-out in Q2 of 2013.
Under the terms of the agreement, Thyron will become a wholly owned
subsidiary of Spire Payments UK Limited, and will become the focal point
for Spire's strategy on mobile payment technology and products. Kazem
Aminaee, CEO and President of Spire Payments, says of the move; "This is
further proof of our commitment to deliver Spire's product roadmap and
business strategy. At our industry launch event last September, I
promised our customers that Spire Payments would bring a new range of
terminals to market in 2013, including a product that would address the
evolving MPOS market. We are now following through on this commitment."
Thyron was founded in 1989 and was most recently led by Michael Ault as
Managing Drector. Thyron has consistently been at the forefront of
payment services technology with many 'first to market' products, such
as the first contactless integrated GPRS mobile terminal and the first
PCI 2.0 PINPad with SRED certified encryption. Thyron's latest product,
the PosMate ® Smart, provides the only MPOS solution for the micro
merchant truly deployed in the field and compliant with latest Visa
recommendation for Mobile Payment applications. The device enables small
enterprises such as plumbers, builders, gardeners and mechanics to
accept card payments by integrating easily with Smartphones and tablets
and is secure due to the PosMate's® PCI and EMV certification. The
solution has been adopted and largely deployed by the major UK PSPs and
Aminaee adds; "The Thyron team are a highly focused and talented group
of individuals with particular strength in the vital mobile sector,
which will perfectly complement the existing skill sets we have within
Spire Payments. We welcome all Thyron customers to Spire Payments and
look forward to a long and successful relationship."
Michael Ault, Managing Director of Thyron confirmed; "The combination of
Spire Payments and Thyron expertise and know-how in the payments space
creates significant possibilities in terms of products and services.
This is truly exciting for the industry."
Aminaee concludes; "It's a wonderful start to 2013 and means Spire
Payments is able to hit the ground running in terms of delivering a
tried and tested EMV-compliant MPOS solution to our existing customers.
Expect more exciting acquisitions in the coming year; this is just the
first of many."
For more information please see www.spirepayments.com
© 2013 Spire Payments Holdings S.a.r.l. All rights reserved.
Spire Payments and the Spire Payments logo are trademarks, service marks
or registered trademarks or service marks of Spire Payments Holdings
S.a.r.l. All other trademarks are the property of their respective
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