Wednesday, September 12, 2007

OnMobile acquires France-based Voxmobili

Bangalore-based OnMobile, a telecom value-added services (VAS) provider, has acquired France-based Voxmobili -- a software solutions provider -- for an undisclosed amount. With this acquisition, OnMobile is expected to strengthen its VAS data products offerings.

The acquisition adds a number of international customers to OnMobile’s customer portfolio like Orange, Cingular-AT&T, France Telecom, T-Mobile, Wanadoo, Turkcell, etc. In addition, the acquisition will augment OnMobile’s current domain and technology competence due to the depth and breadth of Voxmobili’s IP and cutting-edge proven data products.

Voxmobili has around 45 employees and has operations in Europe, North America, Middle East, Australia, and Eastern Europe. Voxmobili’s core products centre 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 cellphone users can publish information, photographs and videos directly from their phones to website and mobile sites. It has over 21 platforms deployed worldwide, and has issued over 20 million licenses for their products globally.

Arvind Rao, CEO & co-founder, OnMobile, said: "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."

Incorporated in 2000 and incubated at Infosys, OnMobile offers end-to-end, turnkey VAS solutions including platforms, software applications, content and professional services to deploy and operate high-margin, high revenue telecom value added services. It has offices in Mumbai, Delhi, Singapore, Jakarta and Sydney. OnMobile has a team strength of over 800, and is expanding rapidly both in India and overseas.

VAS contributes close to 5-10% of revenue for telecom companies in India. According to Internet and Mobile Association of India (IAMAI), the mobile VAS industry in India is estimated at Rs 2,850 crore at the end of 2006, and is estimated to grow 60% to Rs 4,560 crore at the end of 2007.
Original Story

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