PayPal buys StackMob for mobile app platform and engineering team
PayPal, the San Jose, Calif.-based subsidiary of eBay, is stepping up support for app developers with the acquisition of StackMob, a San Francisco start-up whose platform enables developers to create and manage mobile applications.
The engineering team from StackMob has joined PayPal, according to a blog post by PayPal CTO James Barrese.
"With the addition of the talented team from StackMob, we'll move even faster in creating, testing and deploying products that aim to transform payments for customers around the world," Baresse said. His statement was echoed by StackMob CEO Ty Amell. "We believe that our work at PayPal will make it easier for developers to create seamless payment solutions that span online, mobile, and in-store experiences," Amell said.
Learn more about mobile payments trends.