NewNet Communication acquires Tekelec mobile unit
The extension of NewNet's mobile messaging product portfolio addresses challenges that the mobile industry is encountering with the maturing and evolution of text messaging services. New developments in current and additional markets deliver the advancements that operators and consumer Internet companies demand globally.
Adding additional value to NewNet's current mobile messaging product portfolio will help support the mobile industry demand and create synergies that allow NewNet's customers to achieve accelerated time-to-market, efficient monetization of messaging services through cost effective solutions and revenue maximized applications.
NewNet's CEO, PJ Louis, said: "With such explosive growth in Mobile, our company needs to expand and develop new products and services for our existing and future customers."
Louis continued, "NewNet is committed to providing state of the art solutions to our customers and this acquisition will allow us to enter new vertical markets, paving the way to new exciting services combining multimedia, IP-based content delivery, and messaging."
"With the acquisition of Tekelec's Mobile Messaging business NewNet is best positioned to deliver the solutions for consumer-oriented next generation mobile communication technology," said Alex Soltani, chairman and CEO of Skyview Capital.
"We have strong interest to support NewNet as a leader in current and future developments in mobile messaging, secure transaction, and next generation mobile applications.
Skyview and NewNet are actively looking for additional acquisitions in these market segments."
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
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