DoubleBeam acquires business end of Amazon’s new startup purchase

We recently posted on Amazon’s rather quiet acquisition of mobile payment solution provider GoPago, and it would seem they are not the only company interested in strengthening their mobile capabilities with the help of the startup.

While reports show Amazon acquiring the technology and engineering team behind GoPago, mobile solution provider DoubleBeam bought out the business end by acquiring the sales and merchant relationships.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

“We are very excited about the synergies between Doublebeam’s leading mobile commerce solutions and the mobile point-of-sale systems that GoPago brings to the table. The complimentary capabilities of these technologies will bring a unique and holistic solution to the retail industry.  It’s exactly what our customers have been asking us for.” stated DoubleBeam CEO Ted Tekippe on the acquisition.

Amazon has not released any official statement about the acquisition. However GoPago co-founder and CTO Vincenzo di Nicola confirmed Amazon’s purchase with Italian newspaper, Corriere della Sera, stating the technology will be used for “a new ambitious project”.

DoubleBeam provides mobile e-checking solutions and according to the acquisition Press Release, they are most likely looking to expand their mobile offerings. We are left wondering what Amazon’s plan with GoPago’s technology is and what their ambitious project might be. Our guess is that they are planning on offering a variant of their “Login and Pay with Amazon” payment feature for mobile points-of-sale, positioning themselves as direct competitors to companies like DoubleBeam.