DOCOMO Digital, NTT DOCOMO’s international mobile commerce-related business, has agreed the sale of its Solutions business division to Digital Virgo.
DOCOMO Digital, a wholly owned subsidiary of NTT DOCOMO, has been at the forefront of mobile commerce and digital payments’ ecosystem. DOCOMO Digital’s Solutions business division encompasses the technical, licensing, and distribution needs of Telecom Operators, to help them drive monetization and user engagement.
Digital Virgo is an international player in Payment, Monetization and Digital Marketing solutions dedicated to Telecom Operators and Merchants. Since 2008, the Group has built a global network by setting up local offices to expand geographically and through acquisitions to bring new expertise or technologies to strengthen its position in existing markets. Making acquisitions and integrating new teams has been part of its DNA with over fifteen acquisitions over the last decade.
“The transaction is in line with our strategy and vision to build on the strength of our core payments’ business, capitalizing on the surge in digital payments’ volumes we are witnessing today. Our Solutions business division performed well over the years and we believe becoming a part of DIGITAL VIRGO will create a clear market leader in the space,” says Jonathan Kriegel, CEO at DOCOMO Digital.
“This deal is consistent with our strategy and meets our recently announced ambitions. Firstly, this acquisition will consolidate our position in strong markets such as Payment and Monetization, and secondly it will also accelerate our international growth and local presence. Being as close as possible to the local considerations of our clients, Telecom Operators and Merchants, has always been a prerequisite for all our actions. There are a lot of synergies between our business units but also between the teams. Professionals recognized experts in their fields, will join us and will be important assets for the future,” adds Guillaume Briche, CEO at DIGITAL VIRGO group.
