ClickandBuy becomes wholly-owned Deutsche Telekom subsidiary
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ClickandBuy / ClickandBuy becomes wholly-owned Deutsche Telekom subsidiary processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
DTAG acquires internet payment service provider ClickandBuy
London/New York/Zug/Bonn, 24 March 2010. The internet payment service provider
ClickandBuy is to become a wholly-owned subsidiary of Deutsche Telekom AG. Via
its venture capital company, T?Venture, Deutsche Telekom has held shares in
ClickandBuy since 2006 and currently owns 20.2 per cent of its shares. Deutsche
Telekom has now acquired all remaining shares in the internet payment service
provider ClickandBuy. The agreement was finalized yesterday. The supervisory
bodies of the companies concerned and the UK's Financial Services Authority
(FSA) have already approved the process.
Klaus Konrad, Investment Director of Intel Capital: "ClickandBuy has become one
of the top three online payment providers in the world and is a European
investment success story.This shows that even in challenging economic periods,
it is possible to grow top performing organizations through great management and
the right investment strategy."
ClickandBuy's CEO, Charles Fraenkl, welcomed the deal: "Our minority
shareholders T-Venture and Intel Capital with their dedication and commitment
have contributed a lot to the success and growth of ClickandBuy.With the support
of our new shareholder, ClickandBuy, already one of today's leading providers of
online payment solutions, will continue to strengthen and expand its market
position in the future. ClickandBuy is in an exceptionally good position and is
very happy about the huge advantages this synergy contains regarding the
realisation of its global strategic goals which will be made possible through
the involvement of Deutsche Telekom."
About ClickandBuy
ClickandBuy is one of the leading payment services in the internet.Certified by
McAfee and tested by Germany's Technical Inspection and Testing Association
(TÜV), this online payment system is used for internet purchases by over 13
million people. Having doubled its turnover generated by traders and end
customers to ? 922 million (TTV) in 2008, the ClickandBuy Group first crossed
the billion euro threshold in 2009.
Over 16.000 online traders use ClickandBuy's e?payment system for their
e?commerce, retail, online entertainment, and paid content & services billing,
including Deutsche Telekom, Scout24 Group, Apple iTunes, Napster, Orange, msn,
AOL, Meetic, Parship, Electronic Arts (EA), Codemasters, McAfee, Panda, RTL,
Playboy, Financial Times Deutschland, Foto.com, Deutsche Boerse Group, KPMG,
Yamaha, Digital River, Redcoon, bonprix (Otto Group).
Founded in 1999, ClickandBuy represents over 10 years of experience and
expertise in the e-payment market. The online payment system is operated by
ClickandBuy International Ltd. in London. As an e-money institution licensed by
the UK's Financial Services Authority (FSA), ClickandBuy's complete service
includes 120 currencies and offers 50 national and international modes of
payment throughout 31 countries.
ClickandBuy - Media Contacts
UK - Rob Gibbons *rob.gibbons(at)theprnetwork.co.uk
www.ClickandBuy.com
USA - Stuart Ginsberg *stuart(at)stuartginsberg.com
ClickandBuy International Ltd. * Lincoln House 137 / 143 Hammersmith Road * W14
0QL London *
[HUG#1397372]
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ClickandBuy
Lincoln House 137 / 143 Hammersmith Road London United Kingdom
Unternehmensinformation / Kurzprofil:
Datum: 24.03.2010 - 19:21 Uhr
Sprache: Deutsch
News-ID 18017
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Kategorie:
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