Boku takes on mobile with $112m Danal acquisition
Boku, a direct carrier billing company, has signed an agreement to acquire the whole of the outstanding shares of Danal, a mobile security firm for a total of $112 million.
The acquisition will mean that Danal’s mobile identity and authentication solutions will be driven by real-time connections to mobile network operators (MNOs) and proprietary third-party data sources.
According to Boku, the acquisition of Danal will accelerate the development of its mobile identity service offering, allow expansion into new merchant segments, and ensure broader exposure to key geographies.
The firms hope that Danal’s backlog of business opportunities and Boku’s network of connections and capabilities will open up new revenue channels.
Jon Prideaux, CEO of Boku says: “Danal has developed a fabulous business with connections to carriers and great customers and distribution partners. Boku’s global carrier connection capability will enable the combined company to expand coverage and develop new territories.”
Completion of the acquisition is subject to the fulfilment of certain conditions and is expected to be on or around 31 December 2018.
