NFC TIMES Exclusive – Switzerland-based payments software company Netcetera acquired longtime NFC technology supplier Nexperts of Austria to deliver a multichannel mobile payments offer to banks preparing to launch HCE-enabled payments.
The parties did not disclose financial details of the acquisition, but Nexperts CEO and founder Kurt Schmid told NFC Times the deal was not a “pay out per se.” Under the terms, Nexperts shareholders became new shareholders in Netcetera.
All Nexperts employees, around 30, will become Netcetera employees, and Schmid will lead Netcetera's Digital Payments business. The companies announced the move last week.