Scottsdale, Arizona USA (PRWEB) March 13, 2013
Spindle, Inc. (SPDL) a Cloud Based Mobile Platform Payment Solution Providers has acquired MeNetwork Inc., a Colorado-based provider of location-based mobile marketing solutions for businesses and consumers. MeNetwork works with merchants in 84 markets across the United States where it delivers location-based marketing, including offers, events, goods and services, in a comprehensive and efficient mobile commerce ecosystem. MeNetwork has recently expanded to over 20 markets in Europe.
Adding MeNetwork to Spindle’s backbone will enhance Spindle’s already comprehensive commerce environments available for the mobile payment marketplace and is sure to grow the size of the current abundant partners Spindle enjoys. Using todays social and business networking sites and tools facilitated the reconnecting of the heads of Spindle and MeNetwork leading to the (3.5M * 1.50 share price $5,250,000) with an earn out potential of $5M over three years deal as noted by the intriguing story in Silicon Prairie News.
Spindle is an innovator of mobile payment solutions for the banking industry, retail sector and consumer-facing companies. A pioneer in "Frictionless Finance," the company is actively developing new and improved ways for companies and end consumers to fluidly transact and exchange funds, regardless of platform. Spindle is dedicated to delivery of secure payment services crossing traditional boundaries by offering cutting-edge solutions that enable buyers, sellers and individuals to transact face-to-face or virtually using mobile or Internet devices. Spindle also owns and has developed an extensive intellectual property portfolio, including patents pending, covering networks, mobile payments and security.
For more information or to schedule an interview with Glenn Goldberg
Parallel Communications Group
Spindle, Inc. Your Solutions and Possibilities Provider
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