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Market: AIM
Sector: Technology Hardware & Equipment
EPIC: SYNC
Latest Price: 0.00p  (0,00%)
52-week High: 23.50p
52-week Low: 4.63p
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Synchronica plc
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).

 

Full Synchronica plc profile here
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Synchronica completes acquisition of Nokia messaging business

1st Aug 2011, 9:25 am by Andre Lamberti The addition of operator contracts in North America brings Synchronica's total addressable market of end users to 1.8 billion people

Synchronica PLC (LON:SYNC, TSE:SYN) said it has completed its acquisition of Nokia's Operator Branded Messaging business, announced at the end of June.

Already a major supplier of next-generation messaging systems to mobile carriers operating in developing economies such as Latin America and Africa, this latest deal has given Synchronica entry into the lucrative North American market.

OBM’s customer list includes Tier-1 mobile operators across the US and Canada such as AT&T, Sprint, Verizon, T-Mobile, Bell Mobility, Rogers Wireless and others – all of whose contracts will be assigned to Synchronica.

The deal was structured as a reverse takeover and cost Synchronica US$25 million, with US$4 million payable in cash on completion of the acquisition and the balance being payable on a deferred basis. In addition, Nokia will be issued 18.3 million warrants in Synchronica’s shares.

Synchronica also today announced that the previously flagged share placing to raise US$15 million has been completed.  The funds will cover the initial cash element for the acquisition and provide working capital for the group.

Chief executive Carsten Brinkschulte said: "With today's completion, we have acquired Nokia's successful and highly complementary Operator Branded Messaging business, and have at a stroke transformed Synchronica's scale, profitability and geographic scope.

The Nokia messaging platform complements our flagship, carrier-grade Mobile Gateway messaging infrastructure software, and we will work relentlessly on merging both products to create a superior solution with significantly enhanced functionality."

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