News
Issue #2003 - 20 (June 2003)
(Updated June 30, 2003)

ACQUISITIONS, MERGERS & AGREEMENTS

MobileSys & mBlox Merge

MobileSys Inc., a US provider of Short Message Services (SMS) to corporations and mBlox Ltd, Europe's leading SMS services provider will announce their merger and the successful closing of $8 million (US) in venture capital and private equity to finance planned expansion. Norwest Venture Partners is the lead investor. 

This merger creates the market's largest global SMS transmission network. The company will retain the mBlox name and maintain operations in London, Sunnyvale and Hong Kong. Short Message Services (SMS) is a huge and fast-growing media channel in Europe, where content services and marketing now provide a substantial portion of the 10 billion messages sent every month. The US has recently introduced the service, with message volumes already exceeding 1 billion per month. 

Customers include Cisco Systems Inc., Citibank, Electronic Data Systems Corp (EDS), Ericsson Mobile Communications, Ford Motor Co., Hewlett-Packard Co., Intel Corp., Johnson & Johnson Inc., Motorola Inc., and Siebel Systems Inc 

mBlox and Norwest Venture Partners spokespeople are available for interview. To schedule a conversation or to view the full press release today, please contact me.

Source: News Release from the company

MobileInfo Comments and Advisory: This is a good rationalization of vendors with synergistic interests.

Note: This news release may contain forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of Securities Exchange act of 1934 in USA. Similar provisions exist in other countries. There is no assurance that the stipulated plans of vendors will be implemented. MobileInfo does not warrant the authenticity of the information. Readers should take appropriate caution in developing plans utilizing these products, services and technology architectures.  All trademarks used in this summary are the property of their respective owners.