16 May 2012 Plextek, RedCloud complete acquisition of Iceni Mobile Plextek, RedCloud complete acquisition of Iceni Mobile Plextek and RedCloud have completed the acquisition of Iceni Mobile, an Essex based company best known for its innovative I2S mobile payments system. The companies plan to use the technology to create a new way in which mobile money and associated services are taken to market. The I2S platform enables banks, payment service providers, and telecom operators to offer accessible and secure financial services to anyone with a phone. It was developed by the same team that created what is said to be world's most successful mobile money service, M-PESA. "Plextek and RedCloud share a vision for extending the mobile payments value chain to transform the way in which financial services are launched in emerging markets," said Ian Murphy, technical director and founder of Plextek. "The next generation of mobile payments technology is about leveraging the power of secure cloud computing platforms; it's about a fundamentally better way to recruit, manage and empower banks to deliver mobile financial services." "Our cloud financial services investment strategy is accelerating, and is at the root of the broad based transformation and innovation we are seeing from customers today," said Justin Floyd, founding partner of RedCloud. "The launch of the Platform as a Service model revolutionises mobile payments through banks and mobile operators in emerging markets. It's an important step to making technology available at a lower cost of ownership to those that need it most." Author Simon Fogg Comment on this article Websites http://www.icenimobile.com/ Companies Plextek Ltd This material is protected by Findlay Media copyright See Terms and Conditions. One-off usage is permitted but bulk copying is not. For multiple copies contact the sales team. Enjoy this story? People who read this article also read... Southern Manufacturing This year, Southern Manufacturing and Electronics is set to be ... Read Article Arrow buys Nu Horizons Arrow is buying Nu Horizons in an all cash deal which values the ... Read Article Claire Jeffreys, NEW Claire Jeffreys, events director, National Electronics Week, ... Read Article NIDays 2013 NIDays is a technical conference designed specifically for ... Read Article What you think about this article: Add your comments Name Email Comments Your comments/feedback may be edited prior to publishing. Not all entries will be published. Please view our Terms and Conditions before leaving a comment.