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From the News Desk
Tuesday, 19. August 2008
Synchronica Plans of Acquiring AxisMobile
Synchronica, the international provider of mobile email and synchronization solutions, has made its intensions clear towards acquiring consumer mobile email specialist AxisMobile for USD 4.9 million in new Synchronica shares.
Synchronica also stated that it has raised additional funds of USD 10 million, from new and existing institutional investors, which brings the total funding secured in 2008 to USD 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 fundraising and the acquisition of AxisMobile is a dramatic acceleration for Synchronica and I believe that it will build value for our shareholders. We aim to build a world leader in the market of consumer mobile email and synchronization solutions, and this acquisition is a key milestone that will improve our competitive positioning and accelerate our commercial growth,” said Synchronica CEO Carsten Brinkschulte.
AxisMobile’s consumer mobile email platform complements Synchronica’s 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 phones handsets that would otherwise be unable to support such functionality.
Synchronica also stated that it has raised additional funds of USD 10 million, from new and existing institutional investors, which brings the total funding secured in 2008 to USD 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 fundraising and the acquisition of AxisMobile is a dramatic acceleration for Synchronica and I believe that it will build value for our shareholders. We aim to build a world leader in the market of consumer mobile email and synchronization solutions, and this acquisition is a key milestone that will improve our competitive positioning and accelerate our commercial growth,” said Synchronica CEO Carsten Brinkschulte.
AxisMobile’s consumer mobile email platform complements Synchronica’s 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 phones handsets that would otherwise be unable to support such functionality.
