Mach acquires Cibernet

Mach announced that it acquired CB Holdings Inc., the parent company of financial-settlement company Cibernet. Terms of the deal were not disclosed. Combined, Mach and Cibernet is expected to have more than 650 mobile operator clients that will process more than 25 billion billing records, messages and content downloads annually.
“With Cibernet’s strong position in the financial-settlement market, Mach will have a strong platform to offer our combined services to the global mobile operator market. Futhermore, bringing Mach’s and Cibernet’s competencies together will allow us to deliver unparalleled solutions and will expand the wealth of value-adding services from which all clients can benefit,” said Mach CEO Martin Lippert.
The merged company will offer clearing and settlement services for wireless carriers, services that allow carriers to tabulate and collect roaming revenues.