VinaCapital buys over 30% into MobisCom

Thursday, May 22, 2008
The DFJ VinaCapital Investment Fund— DFJV, the investment firm specialises in technology information sector, on May 20 singed an investment cooperation contract with MobisCom Co, the multimode security solution provider to transactions via cell phone whereby DFVJ will hold 30% stake in MobisCom. The value of the contract has not been revealed yet.

At present, MobisCom is developing an international unique technology product named OTAC (One Time Authentication Certification) enabling users to carry out transactions safely and usefully via sending messages or connecting to WAP and mobile phone network system, hand-held equipments and individual computer.

Together with OTAC and MobisStock, MobisCom plans to launch other solutions like MobisPay and MobisBank.

In the third quarter of this year, MobisCom plans to inaugurate new product named MobisCafe.