Brokat of Stuttgart, a provider of software for e-Business solutions, has bought a $12 million share of MyAlert.com. The Spanish start-up offers personalised services via an internet portal to its customers, currently 450,000 of them.
The MyAlert.com technology allows customers to offer individual mobile information services. Investors, for instance, receive stock exchange messages, rate warnings, share prices or reminders of events from their online brokers.
Brokat’s aim is to use the MyAlert.com internet portal for its e-services platform, Twister. The company also plans to set up an innovation centre with MyAlert.com in Madrid.
“By acquiring a share in MyAlert.com, we are underlining our strategy of making the mobile phone the tool of e-business,” commented Stefan Röver, chief executive officer of Brokat. “MyAlert.com’s technology suits our know-how in the mobile digital signature and mobile business fields.”
The MyAlert.com share was acquired within the framework of a large group of investors which includes the Spanish banks Banco Santander Central Hispano and Banco Bilbao Vizcaya Argentaria, as well as Nomura and 3i. The group has raised US$ 43 million in the form of a joint venture capital scheme.
MyAlert.com was founded in 1999 and employs a staff of 85. The company headquarters are in Madrid, with branches in Paris, Milan, Stuttgart and Miami.
Brokat’s key product is the modular e-services platform Twister. This far-reaching software integrates existing IT systems and applications within companies, and provides secure links to various electronic channels like the internet and mobile communications. Twister solutions are used by more than 2,000 companies including Allianz, Axa, Bank of America, Deutsche Bank 24, ABN Amro, Cable&Wireless, Consors, DBS Bank Singapore, Swiss Post, SE-Banken, Toronto Dominion Bank and Union Bank of California.
Brokat, founded in 1994, employs a workforce of 750 in 15 countries, and is headquartered in Stuttgart, Germany.