Mobile messaging firm Synchronica (LON:SYNC, TSX:SYN) has won another contract with a mobile device manufacturer targeting India.
This is Synchronica’s third contract with an Indian device manufacturer and the company sees it as a “key” contract win as it grows its presence in the country. The firm also has deals with two large mobile network operators there.
This deal, which has an initial value to Synchronica of US$1.4 million, will see Synchonica bundle its Mobile Gateway software into its client’s handsets in order to provide push e-mail, instant messaging and social networking services.
The company sees India as a key destination for its software since it is the second-largest mobile market worldwide and it is growing rapidly. Approximately 10 million mobile phones were sold in India every month in 2010, while 622,000 new users signed up every day to a mobile service (source: Voice & Data).
“This is a key contract win in what may soon become the most important mobile market globally. It again demonstrates the relevance of Synchronica’s products in fast growing, highly competitive markets,” said Carsten Brinkschulte, Synchronica’s chief executive officer. “Mobile Gateway allows device manufacturers to connect their customers to existing Internet communities, adding smartphone-like messaging services onto mass-market phones – at a fraction of the cost.”
Recently, Synchronica announced that it was acquiring Nokia’s Operator Branded Messaging business for US$25 million. The deal is classified as a reverse takeover under the rules of London’s Alternative Investment Market.
Synchronica wins third mobile messaging contract with Indian device maker
Published: 08:49 19 Jul 2011 BST