Boku is pleased to announce that it has conditionally agreed to acquire Fortumo Holdings, Inc. and its subsidiaries in a transaction valued at a maximum enterprise value of $41 million.
The Acquisition is a significant step in Boku’s global Direct Carrier Billing (DCB) growth strategy, bringing together the two most profitable platforms in the DCB market with complementary capabilities and customer bases. The Acquisition will cement the Group’s positioning as a leading mobile payment and mobile identity solutions company. Fortumo primarily focuses on providing mobile payment solutions to over 400 small-to-medium sized enterprises, but also services larger merchants including Google, Amazon and Tencent.