• Register
Return to: Home > News > Spire snaps up m-payments company Thyron, plans further acquisitions

Spire snaps up m-payments company Thyron, plans further acquisitions

Mobile POS manufacturer Spire has acquired Thyron Payments Systems, in a move to expand its core business into mobile payments.

As a result of the deal, Thyron becomes a wholly owned subsidiary of Spire Payments UK and will be the focal point for Spire's strategy on mobile payment technology and products.

Spire Payments chief executive and president Kazem Aminaee said: "The Thyron team are a highly focused and talented group of individuals with particular strength in the vital mobile sector, which will perfectly complement the existing skill sets we have within Spire Payments."

Aminaee stressed Spire will now gear up to deliver a tried and tested EMV-compliant MPOS solution to existing customers. He also made clear the intention to continue an acquisition-policy in the coming year.

"This is just the first of many," he said.

Thyron managing director Michael Ault added: "The combination of Spire Payments and Thyron expertise and know-how in the payments space creates significant possibilities in terms of products and services."

Spire itself was created following the acquisition by private investment company KleinPartners Capital Corp of Hypercom's businesses in Spain and the UK in August 2011.

Renamed Spire, the company retained all of its Spanish and UK management teams as well as nearly 200 staff and existing premises.

Spire has offices in the UK, Spain, Prague, Dubai and Hong Kong .

 

Related articles

Spire Payments acquires Hypercom in UK and Spain

 

 

Top Content

  • Developing markets mimic China, choosing QR over NFC

    China has shown that QR-based mobile payments solutions can be a storming success and other regions are taking note. If the adoption of QR code-based solutions continues to spread across developing countries, the most interesting fight in the payments space will be NFC vs. QR, not Cards Vs. Cash, says GlobalData Financial Services

    read more
  • Cracking China from Down Under

    Melbourne-based Airwallex has ambitious plans to be the first e-commerce gateway into China, and by all accounts is on course to do so. Anna Milne caught up with its global head of partnerships to find out how hard it was to crack China, disrupting SWIFT, and why he thinks the future of many things is WeChat

    read more
  • Morning highlights from HPS PowerCARD user conference

    Mohamed Horani's (CEO HPS) opening address was one of the few of its kind to reference how increasingly shared data in the digital world may negatively impact societal development.

    read more
  • New quid on the block- a sterling effort?

    The Bank of England has issued a new one pound coin which it claims is the most secure coin in the world. Its 12-sided, bimetallic, latent-imaged, micro-lettered, milled-edged, hidden high security-featured self is now legal tender and coming to a shop near you. Anna Milne asked some payments bods for their thoughts

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.