Mon, Mar. 9, 12:21 PM
- Globes reports PayPal (EBAY +1%) has bought CyActive, an Israeli provider of malware-protection software that relies on algorithms to predict future attacks, for $60M. ZDNet also reports of a deal; a source states it's "worth at least $60M."
- CyActive's architecture relies on both client and cloud-based software; the former inspects client Web traffic and behavior, while the latter analyzes existing malware and uses it predict/stop future threats. Corporate interest in cybersecurity has been growing rapidly following a series of well-publicized breaches, including one at eBay.
- PayPal recently struck a deal to buy white-label mobile payments platform Paydiant, reportedly for $280M. Back in 2008, the company bought Israeli fraud-detection software firm Fraud Sciences for $169M.
Mon, Mar. 2, 12:01 PM
- PayPal (EBAY +0.4%) is acquiring Paydiant, provider of a white-label platform that allows retailers to create their own mobile wallet apps, replete with payment, loyalty card, and digital coupon support. Multiple sources tell Re/code the purchase price is around $280M.
- Paydiant's customer base includes Subway, CapitalOne, and (notably) MCX, a consortium of major retailers that plans to launch a QR-code based mobile payments platform (called CurrentC) later this year. MCX's backers include Wal-Mart, Target, Kmart, Best Buy, Dunkin' Donuts, CVS, and several large gas station chains.
- The deal comes on the heels of the Apple Pay launch, Samsung's acquisition of mobile payments platform LoopPay, and Google's deals with U.S. carriers to pre-install Google Wallet on their Android phones. Google is also rumored to be working on Android Pay, an API for 3rd-party apps that can handle both online and in-store payments.
- Though PayPal handled $45.6B worth of mobile transactions in 2014 (mostly online), the rise of mobile payments and authentication platforms backed by tech/Internet giants has been viewed as a long-term threat. Evercore last November: "[T]he convenience that mobile necessitates means that demand channels, including marketplaces, Search, Social and even the OS, are moving closer to sellers ... The result allows demand channels the opportunity to offer payment elements, including user authentication and stored payment credentials for the user on behalf of the merchant, a role traditionally reserved for payment players, most notably PayPal."
Dec. 17, 2013, 5:37 PM
- PayPal (EBAY) has acquired StackMob, owner of a platform that gives developers APIs, custom code, hosting services, and other tools for creating mobile apps. Terms are undisclosed.
- PayPal, which has been introducing new features and services for its mobile apps at a heady pace, says StackMob's team will help it "move even faster in creating, testing and deploying products that aim to transform payments."
- News of the acquisition comes on the heels of Amazon's purchase of mobile point-of-sale platform provider Gopago.
Dec. 17, 2013, 11:54 AM
- Amazon (AMZN -0.3%) has acquired Gopago, a startup that has developed a smartphone/tablet-based point-of-sale platform for retailers. Among other things, the platform allows consumers to pre-pay for goods via Android/iOS apps.
- TechCrunch notes media reports don't make it clear if Gopago's team will be joining Amazon. On the other hand, a co-founder does say Amazon will use Gopago's technology for an "ambitious" new project.
- Plenty of companies are already targeting the mobile POS software/services market. While mobile payments juggernaut Square (reportedly eying a 2014 IPO) has seen the most success, PayPal (EBAY +0.1%) is also moving aggressively in this space, and recently added support for swipe-free Bluetooth payments. Other players include Intuit, Groupon, and VeriFone.
- Amazon's online/mobile payments ambitions appear to be expanding: Two months ago, the company launched a fully-fledged PayPal rival that's available to anyone with an Amazon account. PayPal, meanwhile, recently bought rival Braintree.
Oct. 22, 2013, 11:56 AM
- eBay (EBAY +0.1%) has acquired Shutl, a U.K.-based provider of online same-day delivery services that uses a network of carriers to fulfill orders. Terms are undisclosed. (PR)
- Shutl's "technology, talent, and expertise" will be used to help eBay bring its Now same-day service to 25 markets by the end of 2014, including London (already announced) and other international markets.
- eBay, which has relied on local retail partners rather than couriers for fulfillment, has already done same-day launches in NYC and SF, and is now launching in Chicago. The company is also offering a local pickup service called Click & Collect (it first launched in the U.K.)
- Separately, eBay has overhauled its Marketplaces site and apps to improve item discovery (long a user complaint) and include social media-like tools. Users will be able to create Pinterest-like "collections" of items for sale, and the collections of 200 "curators" will be highlighted. eBay is also giving users the ability to create public profiles, and to follow other members.
- The changes come after eBay provided soft Q4 guidance that was blamed on macro, but fueled concerns Marketplaces is again losing share following a recent growth pickup.
Sep. 27, 2013, 4:50 PM
- A day after announcing the Braintree deal to the market's approval, eBay (EBAY -1.4%) announces it has acquired Bureau of Trade, an upscale "curated digital marketplace" that's aimed at men, and which has a very Pinterest-like look and feel.
- Declaring itself to be at the intersection of content and commerce, BoT tries to get users to recreationally browse its product image galleries, much as many people do on Pinterest. However, nearly all of the images are for items being sold through its site.
- The purchase comes in a year where eBay rolled out a Web site overhaul that borrowed more than a little from Pinterest. eBay says the BoT team is contributing to additional eBay site updates that are on tap.
- Other recent eBay acquisitions: Decide.com, Belgian classifieds sites
Sep. 26, 2013, 8:21 AM
Sep. 23, 2013, 9:14 AM
- Sources tell the WSJ PayPal (EBAY) is close to buying rival online payments platform Braintree. TechCrunch reported earlier this month Braintree was "shopping itself around," and had talked with PayPal and others.
- TechCrunch reported at the time Braintree was asking for $1B, a figure it considered "unrealistic."
- Though Braintree's $10B/year transaction run rate is much smaller than PayPal, the company has been growing quickly and claims big-name clients such as Uber, Fab, Rovio, LivingSocial, and Airbnb.
- Braintree also owns a popular mobile payments platform in the form of Venmo. Venmo's iOS/Android apps try to differentiate themselves through a focus on social sharing.
Sep. 6, 2013, 12:22 PM
- Decide.com uses predictive analytics to guess the future prices of various goods, and thereby allow buyers to make more informed decisions. The startup says its standalone services will be shut down as it focuses on integrating its tech with eBay's (EBAY +2%) marketplaces.
- eBay has taken several steps to give Marketplaces users a better experience, and thereby prevent Amazon and its burgeoning 3rd-party merchant business (now responsible for 40% of its paid units) from gaining more ground. Recent changes include a new search engine (Cassini) and an image-heavy Web site redesign.
- Previous: PayPal reportedly held buyout talks with Braintree
Sep. 6, 2013, 12:03 PM
- TechCrunch reports online/mobile payments platform Braintreee is "currently shopping itself around to potential acquirers," and has held talks in the past with PayPal (EBAY +1.9%) and Square. Though the Square talks are said to have fallen through due to price differences - Braintree has reportedly been asking for $1B, a figure TechCrunch deems "unrealistic" - the site hears the PayPal talks "may still be ongoing."
- Like Stripe, another PayPal rival that has been well-hyped in startup circles, Braintree asserts it offers a simpler, more convenient way for online/mobile merchants to handle payment-processing than PayPal.
- Braintree has scored some high-profile clients, such as Uber, Fab, LivingSocial, and Airbnb, and is now handling $10B/year in transactions (PayPal handled $42.8B just in Q2). Last year, the company spent $26.2M to buy mobile payments/digital wallet platform Venmo.
- Yesterday: PayPal revamps apps, adds new payment tools
Jul. 5, 2013, 10:56 AMeBay (EBAY +0.2%) acquires top Belgian classifieds sites 2dehands.be and 2ememain.be, strengthening a European business that makes up a huge chunk of its international sales (55% of Marketplaces revenue in Q1). eBay notes the acquired sites have 5.5M monthly unique visitors, and says they'll join a classifieds unit featuring sites for more than 25 countries and 1K cities. | Comment!
Apr. 17, 2013, 1:20 PMAmazon (AMZN -2.3%) roundup: 1) Amazon has reportedly paid $26M to buy Evi, a British developer of a Siri alternative that users a proprietary natural language search engine and voice recognition tech licensed from Nuance (NUAN). If true, look for Evi's software to soon be bundled with Kindle hardware. 2) Amazon's Appstore for Android is now available in nearly 200 countries, including major emerging markets (the source of much of Android's growth) such as India, Brazil, and Mexico. 3) Amazon has filed a patent application for an anonymous mobile payments system; expect PayPal (EBAY) to take a close look. | 1 Comment
Apr. 11, 2013, 5:18 PMPayPal (EBAY) acquires Iron Pearl, a startup developing software that aims to boost customer retention by analyzing user activity. Presumably, PayPal wants to use Iron Pearl's to uncover ways too increase transaction volumes among existing users. In a blog post, PayPal chief David Marcus (previous) praises Iron Pearl for developing "groundbreaking tools, methodologies and intellectual property, built on a new understanding of the social and cultural factors that drive the viral spread of products, combined with new approaches to data analysis and predictive modeling" | Comment!
Mar. 13, 2013, 1:30 PMPayPal (EBAY -3.2%) acquires Duff Research, a developer of private-label mobile apps for TiVo, Adidas, and others. "What we're really after with this deal is the innovators and experience," says PayPal CTO James Barrese; division chief David Marcus has been busy trying to overhaul the culture of the online payments giant. eBay's GSI Commerce unit already helps build apps and in-store mobile promotions for retailers. | 5 Comments
Dec. 11, 2012, 6:14 PMGoogle (GOOG) isn't thinking of making another bid for Groupon (GRPN), "sources close to Google" tell AllThingsD - Groupon shares soared on Friday due to rumors about a Google bid. eBay (EBAY) is also said to be uninterested. As you'd expect, CEO Andrew Mason refused to comment on the rumors at a conference today. A recent Bloomberg column made note of the Street's skepticism about a bid arriving. | 1 Comment
Sep. 6, 2012, 4:43 PMEBay (EBAY) has acquired weirdly-named Svpply.com, a site that delivers a "curated," photo-centric approach to shopping, while taking a cut on referral traffic. Svpply had a mere 700K monthly users as of May. eBay isn't known for offering a very polished and intuitive shopping experience; this is probably an attempt to change that. Marc Andreessen has talked up the disruptive potential of e-commerce startups such as Svpply, whose services lend themselves well to mobile. (earlier) | Comment!
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