SuperCom, an Israel-based provider of digital identity solutions, has purchased the business of PowaPOS to accelerate adoption of mobile point-of-sale (mPOS) technologies.
PowaPOS is a POS platform purpose-built to meet market demand for mobile and tablet-based payments at the point of sale.
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Financial terms of the acquisition were not disclosed.
PowaPOS claims that it has deployed its products in over 20 nations across the world, and has been integrated by more than 150 cloud-based POS software providers.
SuperCom CEO Arie Trabelsi said: "This synergistic acquisition extends SuperCom’s range of secure payment solutions and provides access to new customers and distribution channels for the company.
"We are extremely pleased to have the opportunity to invest in the future of the retail POS business and expect to make SuperCom’s secure payment solutions available to the large and growing number of POS developers around the world already committed to the platform."
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By GlobalDataPowaPOS CEO Jeff Dumbrell said: "Joining the SuperCom group allows us to continue delivering world class retail and payment technology solutions to our customers around the world, capitalize on a number of synergies with SuperCom’s mobile payment solution and enables us to accelerate our expansion plans in this exciting industry.
"SuperCom gives us a powerful platform for growth and an established channel to market, where we can combine our industry leading hardware with SuperCom’s increasingly diverse, interconnected solutions."
