Kili Technology Corporation, a rapidly growing developer of secure, low-cost payment processing solutions announced today that it has acquired DeviceFidelity, Inc., the leader in plug-and-play Near Field Communication (NFC) and mobile security solutions.
The combined companies will now offer the industry’s most complete portfolio of mobile payments, security and acceptance solutions globally to help accelerate the next generation of mobile financial transactions.
As a result of the merger, DeviceFidelity is now a wholly owned subsidiary of Kili, with founders Deepak Jain and Amitaabh Malhotra continuing in their roles leading operations at DeviceFidelity. The combined businesses will leverage Kili’s pioneering and industry leading “mPOS Solution-on-a-Chip” technology, its associated firmware and a product portfolio that includes a range of low cost payment acceptance devices and security modules. The companies will continue to offer DeviceFidelity’s existing secure microSD and NFC products while also developing an exciting new lineup of mobile point-of-sale and wearable products.
“Combining DeviceFidelity’s highly accomplished team and proven track record with our vast portfolio of intellectual property will help accelerate our growth plans” said Greg Wolfond, Founder and Chairman of Kili Technology. “The payment industry is going through one of the biggest transformations in decades. We want to stay at the forefront of this evolving mobile landscape by providing our customers and partners with the innovative solutions necessary to successfully embrace these changes.”
“DeviceFidelity has long pioneered the role of mobile devices as the leading platform of choice for secure transactions; a vision now being embraced by some of the planet’s most powerful technology and payments companies” said Deepak Jain, CEO of DeviceFidelity. “Kili’s vision and product strategy is a great fit for us and this merger will accelerate our plans to bring innovative, easy to deploy, end-to-end mobile solutions to merchants, consumers, telecom operators and financial institutions.”
Both companies will continue their respective operations at offices in Toronto, Canada and Richardson, Texas, along with satellite offices in Silicon Valley and France. To learn more visit www.kilicorp.com and www.devicefidelity.com