Network365 merges with iPin

TECHNOLOGY firm Network365 has merged with an American company and rebranded itself as global payments firm, Valista.

Wicklow-based Network365 said yesterday that it had agreed merger terms with US firm iPIN, which develops software for payments over mobile devices. The terms of the merger were not disclosed by either side.

However, Network365 chief executive Raomal Perera said the combined firm would be profitable next year and that revenues would now double.