Alternet Systems Inc

Alternet Systems Inc., through its subsidiaries, provides mobile financial solutions, and mobile security and related solutions. The company's subsidiaries include Alternet Transaction Systems (dba Utiba Americas, which is 49% owned by Utiba Pte, Ltd) and International Mobile Security (IMS, which is 40% owned by General Services Holding LLC). Research and Development In 2011, the company purchased $1.5 million in intellectual property from its joint-venture partner.