SiliconRepublic.com: Irish tech firm acquired by MasterCard for US$100m

BT vows to fight big four music labels’ ‘three strikes’ case

04.07.2009 Ireland’s second largest telecoms operator has vowed to ‘strongly defend’ against efforts by the big four music labels – EMI, Sony, Universal and Warner – to get it to implement the ‘three strikes’ action... more...

Skill shortages continue in IT and science

03.07.2009 Despite the rise in unemployment in Ireland, there are still significant skills shortages in the areas of IT, science, sales/marketing, health, accountancy, engineering and management, the Expert Group on... more...

Irish tech firm acquired by MasterCard for US$100m

Also in this section

Business

Irish tech firm acquired by MasterCard for US$100m

05.01.2009
Dublin-based software firm Orbiscom, whose technology is used by both MasterCard and Discover Card to enable secure credit-card payments, has announced today that it has been acquired for US$100m by MasterCard.

Orbiscom has previously worked with global credit-card firm MasterCard on various ventures including the inControl advanced payment authorisation platform.

MasterCard said that by acquiring Orbiscom it was “adding expertise, intellectual property and a talented team of innovative payments-industry professionals to MasterCard to develop new payment technologies for its customers.”

“Joining MasterCard, a proven, global payments leader, enables Orbiscom's innovations to come to life on a bigger scale,” said Garry Lyons, chief executive officer for the firm.

Orbiscom employs 50 people, and has offices in both Dublin and New York.

By Marie Boran