NeuStar has acquired Followap, a UK-based leading provider of mobile instant messaging (IM) products in Europe and Asia, for approximately US$139mn in cash. NeuStar projects Followap revenue to exceed US$25mn in 2007 and to more than double in 2008. NeuStar affirmed the 2006 full-year guidance issued on November 2, 2006, and confirmed that the acquisition of Followap did not impact its 2006 guidance. The Followap acquisition expands NeuStar's platform for growth, especially in mobile, IP and international markets. Followap furthers NeuStar's strategy by extending and complementing our current beachhead initiatives in new growth markets such as the GSM Association root DNS service, the acquisition of UltraDNS and the development of the SIP-IX service. First, Followap brings a large community of new customers outside of North America. Second, it makes NeuStar essential to a new, fast growing service for the wireless industry. And, third, it enables NeuStar to solve immediate infrastructure challenges the MNOs face in delivering advanced, IP-based services.
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