August 6, 2010

  • View Comments

Ingenico buys most of Singapore’s Transfer To for USD38 mil

by Wong Joon Ian

100806-transferto_logoAnother Singapore-based tech company has been acquired by a larger international player.

Singapore-based mobile payments firm Transfer To has been 90% acquired by France’s Ingenico for USD38 million.

This is the second Singapore tech firm to be acquired in the last week. Singapore startup Tencube, which makes a security app for mobile phones, was bought by US security technology giant McAfee on 29 July for an undisclosed sum.

In October 2009, Ingenico used a subsidiary called Ingenico Ventures to buy a 35% stake in Transfer To for USD3 million.

Transfer To allows users to transfer mobile phone credits internationally using SMS. Euronext Paris-listed Ingenico supplies secure payment solutions. It has a current market capitalization of about EUR960 million.

Mobile industry trade title GoMoNews was first with the story. Mobilebeat picked it up soon after.

Transfer To has its headquarters at Goldhill Plaza in the mainly residential Newton area in Singapore.

tagged , , ,

  • http://twitter.com/CampGiraffe CampGiraffe

    Ingenico buys most of Singapore’s Transfer To for USD38 mil: Another Singapore-based tech company has been acquire… http://bit.ly/c59Rtq
    This comment was originally posted on Twitter

  • http://twitter.com/CampGiraffe CampGiraffe

    Ingenico buys most of Singapore’s Transfer To for USD38 mil: Another Singapore-based tech company has been acquire… http://bit.ly/c59Rtq

    This comment was originally posted on Twitter

  • http://topsy.com/www.e27.sg/2010/08/06/ingenico-buys-most-of-singapores-transfer-to-for-usd38-mil/?utm_source=pingback&utm_campaign=L2 Tweets that mention Ingenico buys most of Singapore’s Transfer To for USD38 mil » e27 — Topsy.com

    [...] This post was mentioned on Twitter by Dr. Serkan Toto, CampGiraffe. CampGiraffe said: Ingenico buys most of Singapore’s Transfer To for USD38 mil: Another Singapore-based tech company has been acquire… http://bit.ly/c59Rtq [...]

  • http://twitter.com/chewlink chewlink

    Woot!RT @serkantoto: Another exit in Singapore: France’s Ingenico buys most of Singapore’s Transfer To for $38M http://bit.ly/bpUf1H /@e27sg
    This comment was originally posted on Twitter

  • http://twitter.com/chewlink chewlink

    Woot!RT @serkantoto: Another exit in Singapore: France’s Ingenico buys most of Singapore’s Transfer To for $38M http://bit.ly/bpUf1H /@e27sg

    This comment was originally posted on Twitter

  • http://twitter.com/khorweichong khorweichong

    RT @e27sg Ingenico buys most of Singapore’s Transfer To for USD38 mil » e27 http://bit.ly/bpUf1H
    This comment was originally posted on Twitter

  • http://twitter.com/khorweichong khorweichong

    RT @e27sg Ingenico buys most of Singapore’s Transfer To for USD38 mil » e27 http://bit.ly/bpUf1H

    This comment was originally posted on Twitter

  • http://twitter.com/E27sg E27sg

    Ingenico buys most of Singapore’s Transfer To for USD38 mil http://bit.ly/cwfLhw
    This comment was originally posted on Twitter

  • http://twitter.com/E27sg E27sg

    Ingenico buys most of Singapore’s Transfer To for USD38 mil http://bit.ly/cwfLhw

    This comment was originally posted on Twitter

  • http://twitter.com/stephanfeb stephanfeb

    RT @E27sg: Ingenico buys most of Singapore’s Transfer To for USD38 mil http://bit.ly/cwfLhw
    This comment was originally posted on Twitter

  • http://twitter.com/stephanfeb stephanfeb

    RT @E27sg: Ingenico buys most of Singapore’s Transfer To for USD38 mil http://bit.ly/cwfLhw

    This comment was originally posted on Twitter

  • http://twitter.com/junde junde

    RT @e27sg Ingenico buys most of Singapore’s Transfer To for USD38 mil » e27 http://bit.ly/bpUf1H
    This comment was originally posted on Twitter

  • http://twitter.com/junde junde

    RT @e27sg Ingenico buys most of Singapore’s Transfer To for USD38 mil » e27 http://bit.ly/bpUf1H

    This comment was originally posted on Twitter

  • http://twitter.com/Chyan Chyan

    3 cheers 4 home-grown tech! Ingenico buys most of Singapore’s Transfer To for USD38M « e27 http://ow.ly/1qNsIx
    This comment was originally posted on Twitter

  • http://twitter.com/Chyan Chyan

    3 cheers 4 home-grown tech! Ingenico buys most of Singapore’s Transfer To for USD38M « e27 http://ow.ly/1qNsIx

    This comment was originally posted on Twitter

  • http://twitter.com/BrettHenry BrettHenry

    Ingenico buys most of Singapore’s “Transfer To” for USD38 mil » e27 http://bit.ly/bpUf1H RT @e27sg
    This comment was originally posted on Twitter

  • http://twitter.com/BrettHenry BrettHenry

    Ingenico buys most of Singapore’s “Transfer To” for USD38 mil » e27 http://bit.ly/bpUf1H RT @e27sg

    This comment was originally posted on Twitter

  • http://www.homecamera.com/ Varun

    Once again, warmest congratulations to the team. Hard-working, fun, smart. Good work, guys. Well done. :-)
    This comment was originally posted on e27 – Discovering Web Innovation in Asia

  • http://www.homecamera.com/ Varun

    Once again, warmest congratulations to the team. Hard-working, fun, smart. Good work, guys. Well done. :-)

    This comment was originally posted on e27 – Discovering Web Innovation in Asia

  • Singapore Boleh!

    Singapore Boleh! First I read about HARDWAREZONE’s $7.1M, I thought it was a lucky dip. Then recently, I heard SHOWNEARBY got $6.6M when they are not anywhere near HWZ or TC’s size. And now I read about TENCUBE’s $15M.
    Singapore really Boleh! Good job Singaporeans!
    This comment was originally posted on e27 – Discovering Web Innovation in Asia

  • Singapore Boleh!

    Singapore Boleh! First I read about HARDWAREZONE’s $7.1M, I thought it was a lucky dip. Then recently, I heard SHOWNEARBY got $6.6M when they are not anywhere near HWZ or TC’s size. And now I read about TENCUBE’s $15M.

    Singapore really Boleh! Good job Singaporeans!

    This comment was originally posted on e27 – Discovering Web Innovation in Asia

  • Lloyd Wu

    Congratulations to U and your team for achieving your “dream”.
    I hope that there will more potential companies from Singapore can be like Microsoft and other great IT companies in the world one day.
    Well done Darius !
    This comment was originally posted on e27 – Discovering Web Innovation in Asia

  • Lloyd Wu

    Congratulations to U and your team for achieving your “dream”.
    I hope that there will more potential companies from Singapore can be like Microsoft and other great IT companies in the world one day.
    Well done Darius !

    This comment was originally posted on e27 – Discovering Web Innovation in Asia

  • Sean Seah

    Darius is a great entrepreneur to learn from. congrates :)
    This comment was originally posted on e27 – Discovering Web Innovation in Asia

  • Sean Seah

    Darius is a great entrepreneur to learn from. congrates :)

    This comment was originally posted on e27 – Discovering Web Innovation in Asia

  • http://www.impersuasion.com/ Tzu Ming

    Great stuff. I am sure there would be more to come.
    This comment was originally posted on e27 – Discovering Web Innovation in Asia

  • http://www.impersuasion.com/ Tzu Ming

    Great stuff. I am sure there would be more to come.

    This comment was originally posted on e27 – Discovering Web Innovation in Asia

  • http://www.world24hrs.com/ Brand Singapore

    Congratulations to Darius and Team tenCube ! Great work , Well done !
    Made in Singapore Made for World ! Create in Singapore Create for World !
    Develop in Singapore Develop for World !
    John Chang
    This comment was originally posted on e27 – Discovering Web Innovation in Asia

  • http://www.world24hrs.com/ Brand Singapore

    Congratulations to Darius and Team tenCube ! Great work , Well done !
    Made in Singapore Made for World ! Create in Singapore Create for World !
    ork , Well done !
    Made in Singapore Made for World ! Create in Singapore Create for World !
    Develop in Singapore Develop for World !
    John Chang
    This comment was originally posted on e27 – Discovering Web Innovation in Asia

  • http://www.world24hrs.com/ Brand Singapore

    Congratulations to Darius and Team tenCube ! Great work , Well done !

    Made in Singapore Made for World ! Create in Singapore Create for World !
    Develop in Singapore Develop for World !

    John Chang

    This comment was originally posted on e27 – Discovering Web Innovation in Asia

  • http://www.world24hrs.com/ Brand Singapore

    Congratulations to Darius and Team tenCube ! Great work , Well done !

    Made in Singapore Made for World ! Create in Singapore Create for World !
    ork , Well done !

    Made in Singapore Made for World ! Create in Singapore Create for World !
    Develop in Singapore Develop for World !

    John Chang

    This comment was originally posted on e27 – Discovering Web Innovation in Asia

  • http://www.motochan.com/2011/04/23/supercharging-emerging-tech-ecosystems-via-hacker-tourism/ Supercharging Emerging Tech Ecosystems via “Hacker” Tourism — motochan

    [...] service. An emerging tech ecosystem which has managed to score a handful of smallish exits (here, here and here), a swathe of funded early-stage startups, an incubator or two and a bustling tech events [...]

blog comments powered by Disqus