www.synchronica.com
Synchronica plc is a global innovator in next-generation mobile messaging technologies. Its flagship product, Unity, been chosen by more than 100 of the world's leading mobile operators and OEMs to power their own-branded push email, instant messaging, and social networking services.
With leading features such as Unified Messaging, Geo Socialization, and RCS as a Service, Unity connects to any mobile device - from the most basic mobile phone, to high-end tablets - providing customers with a strong foundation on which to achieve market differentiation, diversified revenue streams, and reduced churn.
Headquartered in the United Kingdom, Synchronica maintains global research and development centres in Canada, Germany, India, and the Philippines. Synchronica's shares trade on the London Stock Exchange AIM market (SYNC) and the Venture Exchange of the Toronto Stock Exchange (SYN).
UPDATE: Synchronica wins third mobile messaging contract with Indian device maker
Broker comment
Mobile messaging firm Synchronica (LON:SYNC) 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.”
Northland Capital Partners, Synchronica’s house broker, said that firm’s software can represent a “competitive differentiator” to secure new customers and reduce churn in India’s “highly competitive” mobile market.
David Johnson, Northland’s analyst, added: “PC and broadband penetration is low and mobile devices are likely to account for a much higher proportion of primary Internet access compared with more developed countries. Synchronica can now boast three device manufacturers as well as two large network operators as customers. [The] contract also demonstrates that business has not been too disrupted by the proposed acquisition of the Nokia business that will bring greater penetration of North America to balance Synchronica’s emerging market focus.”
Recently, Synchronica announced 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.
