- Published: 12 May 2016
SANDPIPER Digital Payments AG announces its arrival in Asia by acquiring GoGORILLA
St. Gallen (CH), May 12th, 2016: SANDPIPER Digital Payments AG ("SANDPIPER", ISIN: CH0033050961, Ticker: SDP, www.sandpiper.ch), the market leader in Europe for cashless payment systems and services, announces its acquiring of Singapore-based cashless payment startup, GoGORILLA, for an undisclosed amount.
SANDPIPER has invested in ten companies, serving more than five million end-users in verticals with high entry barriers (sports, events, campuses, corporations, retail, leisure, security and services). With this move, SANDPIPER Digital Payments enters the Asian market with a team that has a proven record in making payments hassle-free for venues, visitors, event organizers, and event attendees. "Sandpiper's core strategy focuses on the acquisition and integration of growth companies in the highly fragmented payment industry," says Alexander Schümperli, Co-CEO of SANDPIPER. "We chose GoGORILLA's team, technology and results to allow us to expand rapidly across Asia Pacific."
GoGORILLA has activated over 300,000 RFID wristbands and handled over 8 million units of cashless currency during events in 3 countries. The startup has worked on major events including Road To Ultra Singapore, Rainforest Music Festival Sarawak, Road to Ultra Bangkok, Singapore Jazz Festival, Singapore Yacht Show, Savour Gourmet Food Festival and more. SANDPIPER currently provides cashless solutions to 25 stadiums across Europe. The new SANDPIPER Asia team is now able to expand their platform and service offerings with full support into venues and long-term installations such as theme parks and stadiums. In addition, the platform will include Sandpiper's e-wallet, currently used in over 12,000 locations across the Netherlands, enabling users to carry their funds outside of the event and into F&B/Retail locations. This will enhance the opportunities for event organisers to work with their sponsors and communities on a larger scale pre and post event. "The acquisition of GoGORILLA allows us to reach our true potential and scalability in providing bespoke solutions for the public in venues and events, and at the same time positioning SANDPIPER Asia as a one-stop shop for digital payments," said James Kane, Founder of GoGORILLA. "Together, we can get a foothold from which to further our development and capabilities in this region." Following the acquisition, James and his core team will remain to assist in SANDPIPER Asia's organic growth and will be key to its strategic direction in the Asia Pacific market.
For inquiries, please contact: James Kane
About Sandpiper Digital Payments AG
Sandpiper Digital Payments AG, www.sandpiper.ch, is a stock-listed technology holding based in St. Gallen, Switzerland. The company is focused on the consolidation of the fragmented payment landscape in Europe by pursuing a "buy & build" strategy in the area of digital cashless payments and access control.
SANDPIPER is already today one of the largest providers of closed-loop payment systems in Europe. SANDPIPER solutions provide safe and intuitive payment technologies based on RFID/NFC and mobile applications for markets such as Retail, Education, Stadium, and Events.
Volker Rofalski, Tel: +41-44-783 80 30; Fax: +41-44-783 80 40, Internet: www.sandpiper.ch