Amdocs, which provides customer experience systems, has acquired MX Telecom for $104m (£69m) in cash. MX Telecom is a mobile payments and messaging aggregator with operations in Europe, the US and Australia.

MX Telecom will become part of Amdocs OpenMarket business, which operates a mobile transaction hub. The acquisition accelerates OpenMarkets plans for global expansion into key markets. The joint OpenMarket MX Telecom business will provide a hosted platform to extend mobile payment and messaging capabilities through an integrated network and product portfolio. 

“This strategic acquisition expands OpenMarkets global footprint and substantially increases our market leadership in the rapidly growing mobile payments market that will extend well beyond messaging in the coming years,” says OpenMarket General Manager, Jay Emmet. “In addition, it strengthens our product portfolio with an extensive set of value-added services for merchants.”

MX Telecom Managing Director Alex Moir says he is delighted to be joining forces with OpenMarket. “OpenMarkets mobile payments platform is highly synergistic with MX Telecom,” says Moir. £This acquisition will enable the combined organization to better serve our customers and accelerate our global growth plans. Our employees are proud of what MX Telecom has accomplished, and we look forward to continuing to shape the industry as part of the OpenMarket team.”