MACH and Cibernet join forces to form global clearing and settlement partner for mobile based transactions

March 6, 2007

1 Min Read

LUXEMBOURG -- MACH, the leading global clearing and settlement partner for mobile based transactions, has announced that it has entered into a definitive merger agreement to acquire CB Holdings, Inc., the parent company of Cibernet; a leading mobile roaming, clearing and business solutions provider. The transaction is subject to regulatory approval and is expected to close in the first half of 2007. Luxembourg-based MACH is a portfolio company of Warburg Pincus.

The combined MACH and Cibernet enterprise is expected to have 650+ mobile operator customers, creating a leading, global inter-operator services company. Once combined, MACH and Cibernet will process more than 25 billion billing records, messages and content downloads annually.

Solutions offered by the combined Mach - Cibernet business are expected to range from enhancements to existing clearing and settlement platforms, to roaming profitability products, content third-party transaction management products and open connectivity platforms, amongst others.

Martin Lippert, CEO of MACH commented, "With Cibernet's strong position in the financial settlement market, MACH will have a strong platform to offer our combined services to the global mobile operator market. Furthermore, bringing MACH's and Cibernet's competencies together will allow us to deliver unparalleled solutions and will expand the wealth of value-adding services from which all clients can benefit."


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