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Synchronica acquires AxisMobile |
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Tuesday, 19 August 2008 |
Synchronica is acquiring consumer mobile email specialist AxisMobile for US$4.9 million in new Synchronica shares. Synchronica also states that it has raised additional funds of US$10million, from new and existing institutional investors, which brings the total funding secured in 2008 to US$18 million. The additional funds will be used to accelerate product integration and fuel the growth of the combined business in emerging markets such as
China, Africa, the Middle East, Eastern Europe and
Latin America. The AxisMobile acquisition aims to make Synchronica the leading player in mass market mobile email and synchronization middleware for mobile operators and service providers. The addition of AxisMobile’s complementary technology, customer base and routes to market, combined with the injection of US$10 million of additional funds, will enable Synchronica to provide mass-market mobile email solutions that work on more than three billion mobile phones in the market today. AxisMobile’s consumer mobile email platform complements Synchronica’s award-winning Mobile Gateway software by adding ‘email to SMS’ and ‘email to MMS’ gateways as well as a client-less solution for WAP/xHTML browser access. AxisMobile’s patented Optimizer email transcoding gateway further adds the ability to display a large variety of attachments such as Word, Excel and Powerpoint presentations on standard feature phone handsets that would otherwise be unable to support such functionality.
The AxisMobile acquisition will also enlarge Synchronica’s footprint in emerging markets, by adding a strong sales force and key customer contracts in the relatively untapped areas of Eastern Europe, CIS and
Russia, to Synchronica’s existing sales presence in the Middle East, Africa and
Latin America. Currently AxisMobile has eight live customer installations with major mobile operators, predominantly in CEE (Central and Eastern Europe) and
China. Customers include: MTS (the largest mobile operator in Russia and CIS with 84 million customers), Megafon (a Russian mobile network operator with 34 million customers across 88 regions of the Russian federation including its Moscow subsidiary Sonic Duo), T-Mobile, IXI Mobile (consumer backends for US, Switzerland, Turkey, Uruguay), E-Plus (Germany´s third largest mobile network operator with 13.6 million customers), as well as a major Chinese bank. AxisMobile has also secured contract wins with a leading Ukrainian mobile network operator, a further leading tier one Russian mobile network operator and a leading Swiss mobile network operator.
www.synchronica.com |
