September 11, 2007
OnMobile, a company incubated by global IT giant Infosys Technologies and India's largest telecom Value Added Services (VAS) provider, has acquired France-based personal data management software company Voxmobili. However, the acquisition amount was not disclosed.
A definitive agreement has been signed between the two companies and integration planning will start shortly.
The takeover will enable the company to adds blue chip customer base in Europe and Americas including Orange, France Telecom, T-Mobile and Vodafone. This would also strengthen OnMobile's position in the global telecom VAS industry.
Voxmobili was founded in 2000 by two French entrepreneurs - Eric Viellevigne and Nicolas Frattaroli - and funded by European venture capital firms.
The company has around 45 employees with operations in Europe, North America, Middle East, Australia and Eastern Europe.
Voxmobili's core products center around synchronised address book and advanced phone backup wherein cell phone users can backup all their personal data including calendar and contacts onto a secure network-based server, and mobile paparazzi wherein cell phone users can publish information, photographs and videos directly from their phones to website and mobile sites.
The company has over 21 platforms deployed worldwide and has issued over 20 million licenses for their products globally.
According to OnMobile CEO and co-founder Arvind Rao, "We are excited about this transaction and joining hands with Voxmobili to deliver a powerful suite of complementary VAS products to the global telecom & internet industry. Their product and technology leadership in their domain, innovation, and leadership all complement what we have built at OnMobile, and we are geared up to fully exploit the synergies between us. This will be a win-win-win for all of us starting with our customers, and a great platform for OnMobile to serve the European market."
"Mobile backup and services around personal data are expected to experience tremendous growth over the next several years," said Eric Vieillevigne, Managing Director and co-founder of Voxmobili.
"We are excited to expand our presence in this exciting marketplace with OnMobile. We're confident that the combined strengths, services expertise, and talent of our companies will deliver a great experience for Users, Service Providers and mobile operators," he said.
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