Tuesday, November 13, 2007

Qualcomm to Acquire Firethorn for Mobile Banking

Qualcomm agreed to acquire Atlanta-based Firethorn Holdings, which offers mobile banking technology, for approximately $210 million in cash.
Firethorn links financial institutions and wireless operators through a unified, secure and scalable technology platform that extends full-service banking capabilities to consumer wireless devices. Firethorn's financial institution partners include Wachovia, SunTrust Bank, Regions Financial, BancorpSouth and Synovus, among others.

Qualcomm said the deal provides it with expertise in the financial industry and key relationships with wireless operators, financial institutions and payment processors.



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