Synchronica plc
Synchronica adds license agreement for Mobile Gateway in India
Synchronica (AIM: SYNC), the mobile e-mail and synchronisation specialist, climbed 13% higher this morning after it announced yet another significant milestone in its licensing of push email into emerging markets.
Today Synchronica announced a license agreement for its Mobile Gateway solution to an Indian reseller. The agreement will see the Indian reseller acquire 50,000 user licenses for Mobile Gateway at a price of US$2.34 per user. The Indian company has a been contracted by a ‘major mobile operator’ in India to provide a mass-market mobile email solution by the end of 2008. Synchronica did not elaborate on who the major mobile operator was, but said the company had more than 50 million subscribers in India and was a top 10 operator worldwide. The Indian reseller is expected to acquire an additional 250,000 licenses before year end, with a further 500,000 licenses in 2009.
“The Indian mobile market represents a large opportunity for Synchronica's products providing mass-market mobile email services for inexpensive mobile devices. Recent research from Informa reports that the Indian mobile market has expanded by over 50 million new mobile subscriptions in the last six months alone. India is now the second largest mobile market in the world, with a total of 225.6 million mobile subscribers at the end of August 2008. The Indian government has a set target of 500 million telephone users by 2010,” the company stated.
Sychronica will also provide ongoing support, based on 18% of the annual license fee for Phase I and 12% in Phase II.
Carsten Brinkschulte, CEO of Synchronica plc, said:
“This agreement represents an important step in the growth of Synchronica as it again demonstrates our ability to succeed in emerging markets, where the growth in mobile subscribers is at its highest and our product has a unique appeal. It highlights the strength of our mobile email solution and the benefit it can bring to operators who are looking to differentiate their mobile offering in a highly competitive market, generating additional revenues and protecting their subscriber base.”
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