Menu
eBay's PayPal acquires StackMob for mobile technology

eBay's PayPal acquires StackMob for mobile technology

PayPal said StackMob will help it develop new payment products

Ebay's PayPal division said on Tuesday it is acquiring StackMob, a company specializing in development tools for building mobile applications.

Terms of the deal were not announced. San Francisco-based StackMob, started in 2010, offers a custom API (application programming interface) that makes it easier for developers to connect mobile applications to backend platforms such as Salesforce and SAP.

StackMob offers a free basic service and more advanced subscription packages with service-level agreements, dedicated databases, API servers and support. The company's customers include Red Hat, Adobe Systems, Verizon and Urban Outfitters.

PayPal said StackMob will contribute to its development of new payment products as it seeks to diversify its payment processing by getting into retail stores.

Its "Beacon" technology uses a Bluetooth connection to let customers pay for goods without even opening the mobile application once customers have "checked in" to a store. In August, PayPal announced a chip and pin reader, which allows small businesses to securely accept credit and debit card payments.

Send news tips and comments to jeremy_kirk@idg.com. Follow me on Twitter: @jeremy_kirk


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags business issuesStackMobebaypaypalmobileMergers and acquisitions

Featured

Slideshows

Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
HP re-imagines education through Auckland event launch

HP re-imagines education through Auckland event launch

HP New Zealand held an inaugural Evolve Education event at Aotea Centre in Auckland, welcoming over 70 principals, teachers and education experts to explore ways of shaping and enhancing learning using technology.

HP re-imagines education through Auckland event launch
Show Comments