Source: Pipeline Data
Pipeline Data (OTCBB:PPDA), a provider of payment processing solutions and services, announced today that it has acquired the Mobileswipe brand from Semtek Innovative Solutions Corporation (Semtek), a leader in card data capture and magnetics technology.
Included in the purchase is the Mobileswipe national trademark, Web site and customer list.
Pipeline Data's AIRCHARGE division has been actively converting Mobileswipe customers to the AIRCHARGE solution since January 2008.
"The acquisition is beneficial to AIRCHARGE as it allows us to continue to expand our customer base and market presence while absorbing a competing product," stated Robert Wallace, president of AIRCHARGE.
"AIRCHARGE is a natural fit for Mobileswipe customers since AIRCHARGE software requires no changes to be compatible with Mobileswipe hardware. AIRCHARGE's personnel are well versed in our program, and AIRCHARGE software integrates well with all the merchant processors offered on our system," added Dennis Mos, general manager OEM business for Semtek.