Media-focused digital content payment providers Javien and ClickandBuy recently announced a service alliance.
The pact will allow clients of either company to expand their available portfolio of payment capabilities, a move that lessens the competitive impact of rival firms. “This strategic partnership with Javien allows both companies to offer a fuller package of digital content solutions,” said Norbert Stangl, CEO of ClickandBuy. Both companies boast a heavyweight roster of clients, including a number of music-focused companies. ClickandBuy is best known for its prized iTunes contract, though others within its 7,000-strong client list include Electronic Arts, SanDisk, Univision and iVillage. The Javien roster includes well-known brands like MTV Networks, Trans World Entertainment, Ruckus Network, MusicNet, Snocap, Hungama Mobile, Forbes.com and Thomson Financial.
Both companies have significant backing from the investment community. Javien, based in McLean, VA, is backed by Czech Republic-based K&K Capital Group, which manages assets of approximately $2 billion. Meanwhile, ClickandBuy has drawn major investments from a number of companies, including a recent, $23 million infusion from 3i. Deutsche Telekom carries a 10 percent share through its T-Mobile Venture fund, and ClickandBuy recently received a sizable injection from Intel Capital. ClickandBuy offices are found in New York, London, Zug, Switzerland and Cologne, Germany. The alliance was first announced on Wednesday.
Story by news analyst Alexandra Osorio.