CORRECTING and REPLACING Bango Acquires BilltoMobile to Accelerate Carrier Billing in U.S. Market

Please replace the release with the following corrected version due to multiple revisions.

The corrected release reads:

BANGO ACQUIRES BILLTOMOBILE TO ACCELERATE CARRIER BILLING IN U.S. MARKET

Mobile payments leader now processing payments across all four major U.S. operators

Bango (AIM: BGO), the number one provider of app store carrier billing (Progressive Equity Research, 2015), today announced it has acquired the BilltoMobile carrier billing service and associated contracts from Danal Inc. The acquisition positions Bango as the leader in carrier billing in the U.S. market and consolidates its position as the world’s leading provider of carrier billing for app stores.

As a result of the acquisition, Bango is now the only processor of carrier billing transactions across all four major U.S. mobile network operators (MNOs), representing more than 300 million connected devices and handling US $80 million of transactions in 2015. The acquisition enables MNOs and other Bango partners—including Google, Microsoft and others—to use Bango technology for carrier billing in the U.S, achieving greater scale and higher revenues from carrier-billed payments in this high-value market.

“We have worked with BilltoMobile for many years and there are tremendous synergies already in place,” said Bango CEO Ray Anderson. “The unmatched combination of Bango’s powerful technology, coupled with the depth of BilltoMobile’s high-quality software and trusted operator relationships, will now create a premier customer experience for Bango and its app store partners in the U.S. market.”

The Bango Payment Platform enables global stores to optimize their customer’s carrier billing experience and increase sales for content developers. The platform is shared across the industry by the leading app stores, enabling them to offer carrier billing cost-effectively and at scale. Each operator and app store only integrates once, simplifying monitoring and maintenance. New features and optimizations are added centrally to raise the bar for the whole industry.

In the past year, MNOs that have adopted Bango Boost, Bango’s unique value added measurement and comparative analysis technology, have seen dramatic growth in revenue from carrier billing services— by up to 70 percent. Bango Boost, part of the Bango Payment Platform, records and compares every payment against live industry benchmarks, recommending precise actions that boost payment success, sales volumes, customer engagement and satisfaction — to ultimately increase revenues. As a result of this acquisition, US MNO’s automatically gain the opportunity to apply Bango Boost technology to grow their app store carrier billing revenues and customer satisfaction.

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About Bango

Bango is the global standard for app stores offering carrier-billed payments, with more than 150 activations of carrier billing around the world. As the next billion consumers adopt their first smartphone and look for alternate payment methods, Bango will be there to unlock the universe of apps, video, games and other content that bring those smartphones to life. Global app stores and merchants plugging into the Bango Payment Platform include Amazon (NASDAQ: AMZN), BlackBerry (NASDAQ: BBRY), Google (NASDAQ: GOOG), Samsung (005930: Korea SE) and Microsoft (NASDAQ: MSFT). Bango also partners with leading mobile network operators (MNOs) around the world to drive new revenues through its industry-leading carrier billing solutions. For more information, visit www.bango.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160509006130/en/