Scotsdale, Ariz.-based mobile payment solution provider Spindle Inc. has announced the completion of its acquisition of MeNetwork Inc., a provider of location-based mobile marketing solutions. Spindle said it will integrate MeNetwork’s mobile advertising technology into its mobile payments platform.

MeNetwork works with merchants in 84 markets across the United States, delivering location-based marketing services. It also has a presence in more than 20 markets in Europe.

Spindle provides mobile payment and loyalty solutions for banking, retail and consumer-facing companies.

"We are delighted to finalize the deal with MeNetwork, which now gives Spindle a comprehensive mobile commerce solution that incorporates mobile marketing and mobile payments," said Bill Clark, president of Spindle.

Clark said the addition of MeNetwork's capabilities gives Spindle a best-of-breed solution that includes customer outreach, prospect nurturing, and frictionless payment processing for purchases with a mobile device.

MeNetwork technology combined with the Spindle payment platform will create a comprehensive mobile commerce ecosystem using location- and time-based mobile marketing, fulfillment, and loyalty with mobile payment services, the companies said

No financial details on the acquisition were disclosed.

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