PORTLAND, Ore.—Digital commerce software developer Vesta Corp. acquired Beijing-based mobile top-up company Unimobile in an effort to tap the Chinese prepaid wireless market.
Terms of the deal were not disclosed.
Unimobile, which was founded in 2000, distributes “recharge cards” for China Mobile prepaid users through a network of retail outlets and kiosks. The company will operate as a subsidiary of ChinaDotMan, an online and prepaid wireless payment company Vesta acquired last year.
“We plan to combine Unimobile’s electronic PIN distribution network and extensive retailer relationships with the electronic-payments experience of Vesta and ChinaDotMan,” said Vesta Chief Executive Officer Doug Fieldhouse. “Together, the combined company will be able to offer an electronic point-of-sale solution that facilitates retail transactions using cash, debit cards and credit cards.”
