eBay's PayPal acquires StackMob for mobile technology

December 18, 2013

Ebay’s PayPal division said on Tuesday it is acquiring StackMob, a company specializing in development tools for building mobile applications.Terms of the deal were not announced. San Francisco-based StackMob, started in 2010, offers a custom API (application programming interface) that makes it easier for developers to connect mobile applications to backend platforms such as Salesforce and SAP.StackMob offers a free basic service and more advanced subscription packages with service-level agreements, dedicated databases, API servers and support. The company’s customers include Red Hat, Adobe Systems, Verizon and Urban Outfitters.PayPal said StackMob will contribute to its development of new payment products as it seeks to diversify its payment processing by getting into retail stores.To read this article in full or to leave a comment, please click here

Link: http://www.pcworld.com/article/2081420/ebays-paypal-acquires-stackmob-for-mobile-technology.html#tk.rss_all