Mobile Payments Specialist Boku Acquires Danal, Inc.

“The deal entails “a total consideration of $112 Million plus warrants,” according to a press release from the companies. It is expected to close by the year’s end.”

Boku, a California-based mobile payments platform, is acquiring mobile authentication specialist Danal, Inc. The companies have signed an agreement for Boku to buy all of Danal’s outstanding shares.

The deal entails “a total consideration of $112 Million plus warrants,” according to a press release from the companies. It is expected to close by the year’s end.

In their statement, the companies asserted that the merger “will accelerate the development of Boku’s mobile identity service offering, allow expansion into new merchant segments, and ensure broader exposure to key geographies.” Elaborating further, Boku CEO Jon Prideaux emphasized that “Danal has developed a fabulous business with connections to carriers and great customers and distribution partners.”

The merger’s announcement comes just a month after Danal proclaimed that it had attained the cooperation of all four major UK mobile carriers for its Mobile Identity solution, which is designed to source customer information from from partner MNOs for authentication and verification purposes.