MACH, Cibernet Complete Merger

MACH, clearing and settlement partner for mobile transactions, and Cibernet, a mobile roaming business solutions provider, have officially merged

May 15, 2007

2 Min Read

LUXEMBOURG -- MACH, the leading global clearing andsettlement partner for mobile based transactions and Cibernet, theleading mobile roaming business solutions provider announced today thatthe two companies have officially merged to form a new company with aglobal reach, serving over 650 mobile operator clients. The new lookbusiness will continue under the name of MACH; it will draw on theheritage, skills and expertise of both companies to serve mobileoperators that aim to develop their mobile roaming, data clearing andfinancial settlement businesses.

Cibernet is a name synonymous with mobile roaming in North America,while MACH is the leading provider of clearing and settlement systems tooperators in the rest of the world. The two entered into a mergeragreement in March 2007, announcing their strategy to form a companythat would have the capability and reach to support mobile operatorsacross the world as the demand for mobile roaming and related servicesfrom mobile subscribers continues to increase.

Piyush Sodha, CTO of MACH and former Chairman and CEO of Cibernetcommented: "The exciting blend of highly skilled and experiencedemployees, business practices and innovative new solutions that MACH nowhas at its disposal is a major boost to our existing customers. We nowhave something extra to offer our prospective customers as more and morecarriers look to generate revenue streams from mobile roaming andrelated services."

Martin Lippert, the Chief Executive Officer of MACH, explained: "MACH'sexcellence in clearing high-volume data transactions, combined withCibernet's deep understanding of the financial clearing market will onlyserve to strengthen our position as the first choice partner of anycarrier aiming to maximise its mobile roaming, financial and dataclearing business."

Martin continued: "MACH has developed a strong reputation as a reliableand forward looking partner to operators in the GSM world - with thismerger we can now take the MACH brand into new territories such as theU.S."

MACH

Cibernet

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like