IBID Group, an investment firm focused on buying and investing in internet based companies with high growth potential, has acquired Dalberry, an all-in-one technology provider for secure online payments.
Dalberry launched last year with a mission to fix the broken journey for merchants frustrated with existing clumsy and bureaucratic systems.
Dalberry generates real time actionable management data and includes ongoing training and support for merchants.
Its team of specialists come from online merchants and from the global payments industry. Its platform has already won the support of banks and merchants during its soft launch.
IBID will help Dalberry increase investment in business development, marketing and product development. It will contribute to Dalberry’s overall sales strategy, as it intends to expedite sales by leveraging its global network. Additionally, IBID’s investment will accelerate the development of Dalberry’s electronic wallet concept to 2017.
Juan Santana, CEO and co-founder, Dalberry, says: “We saw the need to offer a simple and efficient online payment solution for merchants still forced to use inefficient legacy providers. Our product has been well received in the market and appeals to a broad spectrum of merchants. IBID’s acquisition is transformational for us. We are now able to accelerate our commercial and product plans while simultaneously de-risking our corporate position.”
Anda Constantin, chief operating officer and co-founder, Dalberry, adds: “We spoke to a number of potential investors, but quickly selected IBID as our preferred partner. We were struck immediately by their strategic grasp of the Internet and our sector, the speed at which it operates and the very real support they are going to provide us on an ongoing basis. We have an investor that we can closely identify with and who shares our passion and drive to succeed.”
David Barzilay, CEO of IBID Group says: “We know that online merchants crave better online payments systems and in Dalberry we saw a company with a fantastic product, great management and the hunger to really shake up the industry.
“We see Dalberry as a natural fit for our portfolio and we look forward to working with its management team to leverage our expertise in order to expedite its growth potential and capture significant market share.”
