VIENNA — DIMOCO has announced its acquisition of mobile payment company Onebip SpA, to enhance its direct carrier billing services and European market position.
Onebip is now a wholly owned subsidiary of DIMOCO Europe, employing 15 people in the city of Milan.
The company will be renamed to DIMOCO Italy SpA, and will continue to use Onebip as a product brand, with the post-merger integration now in process and expected to be completed over the coming weeks.
According to DIMOCO CEO Gerald Tauchner, the purchase of Onebip SpA from its former shareholder Neomobile SpA, further increases DIMOCO’s market share in the European carrier billing market.
“The combination of Onebip’s position in the Italian market with our broader European coverage will provide our clients with access to one of Europe’s largest mobile payment markets and will make inroads into major Latin American markets, such as Brazil and Mexico,” said Tauchner. “The acquisition is also expected to result in greater efficiencies and significantly enhanced technical abilities.”
“I strongly believe that Onebip technology and its solution suite will have a significant impact on the DIMOCO brand,” said Gianluca D’Agostino, exiting CEO of Onebip SpA. “I see material synergies in this deal and the outcome will prove to be valuable for both merchants and mobile network operators.”
Tauchner explains that the acquisition of Onebip was accomplished through the close liaison between Neomobile and DIMOCO, with the two companies continuing their partnership, and strengthening their positions both in Europe and Latin America. Neomobile will now focus more on digital entertainment — its main business — and leave behind the mobile payment segment.
“This deal strengthens our partnership with DIMOCO and provides us the opportunity to focus more on our path of innovation,” adds Neomobile CEO Claudio Rossi, “[allowing us to increase] our investments in new products in mobile entertainment and programmatic advertising, while speeding up our entry into new markets in Middle East and Asia.”
Under the terms of the acquisition agreement, DIMOCO has agreed to use Onebip’s existing payment hub and engineering staff so Onebip’s clients will continue to receive the same quality of service they have come to expect.