Mobile commerce acquisition made by Shopgate

Mobile commerce industry partnership

The company has made its first purchase of another company, Magento Integration. Shopgate, the mobile commerce platform based in Palo Alto and in Germany, has now made its very first acquisition in the form of the purchase of the developer of Magento, MagCorp, which is backed by both Northcap and Creathor Ventures. Many are deeming this more as an aqui-hire than a complete acquisition of another company. When this acquisition is complete, it will have the four developers behind MagCorp becoming a part of the existing team of 132 people…

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M-commerce partnerships spreading at PayPal

mobile payments partnership deal

The company has revealed that it is working with Shopgate, following other similar announcements. PayPal has announced the latest in its m-commerce partnerships, as it joins forces with Shopgate, a mobile commerce service provider based in Germany. This news release followed close on the heels of the announcement of its partnership with Moneygram. By partnering with Shopgate, PayPal will be able to offer a larger number of opportunities to online stores. This primarily focuses on a joint package that will let them not only expand their traditional online shops, but…

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