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Mobixell announces acquisition of 724 Solutions.

TELECOMWORLDWIRE-21 January 2010-Mobixell announces acquisition of 724 Solutions(C)1994-2010 M2 COMMUNICATIONS

Mobile multimedia and advertising solutions provider Mobixell Networks announced on Thursday the acquisition of mobile Internet company 724 Solutions.

The financial terms of the acquisition were not revealed.

Mobixell said the merged company will create a global organisation with local sales and support capability in the US, UK, China, Switzerland, India, Israel and other countries, and with a customer base of over 350 mobile operators worldwide.

The expanded company will focus on delivering rich media mobile Internet and messaging solutions for mobile operators, enabling them to take advantage of the opportunities presented by the growth of rich-media data traffic and the emergence of new communication patterns driven by mobile media consumption on laptops, iPhone devices and other smartphones.

724 Solutions' Seamless Access and Seamless Messaging products provide scalable, reliable mobile Internet, mobile broadband and messaging infrastructure. Mobixell has expertise in adapting and manipulating rich-media content, particularly for mobile messaging and video. The objective in combining the two technologies is to deliver a next generation intelligent Mobile Internet Platform capable of taking a leadership position in the Mobile Internet market.

The combined solution will address the challenges for mobile operators in dealing efficiently with the growth of data traffic, particularly video, and will enable them to further monetise data and messaging Web 2.0 based services.

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Date:Jan 21, 2010
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