Payments

ASPIDER completes Solavei Acquisition

Solavei and ASPIDER complete deal to drive innovation and subscriber acquisition for mobile operators.

ASPIDER announced the completion of the acquisition of social commerce network and mobile service provider Solavei.

ASPIDER plans to integrate Solavei’s social commerce platform within its own range of mobile solutions, throughout Asia, Europe, the Americas and Africa. Solavei’s innovative social commerce platform will provide a mobile-service ecosystem for ASPIDER that extends their wholesale, retail and social engagement infrastructure.

“Solavei’s unique social and referral platform is changing the marketing, selling and distribution of new products – this opens up many new innovative opportunities in many markets.” said Patrick Meijer, VP Corporate Development at ASPIDER and Solavei President. ASPIDER has previously delivered solutions to MNOs to incorporate social networks into referral programs to reduce acquisition costs, and this acquisition will accelerate these initiatives . “We are seeing that selling is becoming increasingly social, and these kind of innovations fundamentally change the traditional mobile marketing and channel models” said David Traynor, CMO at ASPIDER.

ASPIDER continues to extend its global mobile virtual enabling platform that provides advanced capabilities, including “in-network” international calling, multi-imsi roaming solutions, mobile payments, and much more. The transaction will also drive cost improvements for Solavei as the company consolidates its overall technology platform, leverages greater buying power of primary mobile service and eliminates third-party solutions.

With over 400,000 people that have become mobile service members in the past two years, Solavei will continue to deliver and grow its social commerce network to provide increased profitability through new forms of social distribution. Ryan Wuerch CEO of Solavei commented “Solavei has had a positive impact on hundreds of thousands of our members lives by helping them save over $120 million and earn over $32 million, which would not be possible without the ambassadors of our brand, employees and members alike. This new partnership (with ASPIDER) allows us to capitalize on Solavei’s momentum and take great strides toward achieving our mission of positively impacting millions of people worldwide. I am excited about our future.”

“This is a great day for Solavei,’’ said Wuerch. “ASPIDER gives us the opportunity to further enhance our services and add new products to the social commerce network, broadening our ability to rapidly expand the Solavei brand globally. We can now leverage ASPIDER resources to better align our cost structure with our revenue expectations, positioning us for long-term sustainable growth.’’

About ASPIDER: ASPIDER allows mobile operators to engage their customers with compelling service plans, engaging promotions and innovative content, all designed to build loyalty and increase revenue. Our global solutions are delivered as-a-Service to reduce operational costs and reduce time to market. ASPIDER is an operator independent supplier of innovative solutions for mobile voice, data and content requirements. Services are designed for rapid development of mobile revenue streams where clients use “configure on-demand” IaaS approaches based on ASPIDER Core Mobile network, OSS/BSS, Care and Billing. Over 100 clients have been launched around the world, from traditional M2M and MVNO projects, to OTT and IoT OEM solutions for consumer connectivity. For more information, visit .

Kate

Kate is a staff writer at LetsTalkPayments.com., , She likes to write about mobile payments and mobile commerce.

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