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OnMobile buys Voxmobili (France)

  • September 13th, 2007
  • 12:36 pm

French personal mobile data management software company Voxmobili has been fully acquired by Indian VAS provider OnMobile for an undisclosed amount. The move enables OnMobile to strengthen its VAS data product offerings, boost its technical know-how and accelerate its position in the global telecommunication VAS industry. Through its purchase, OnMobile adds numerous international customers including Orange, Cingular-AT&, T-Mobile, Wanadoo and Turkcell. A definitive agreement has been signed between the two companies, and integration planning will start shortly.

Voxmobili has around 45 employees and has operations in Europe, North America, Middle East, Australia, and Eastern Europe. Its core products centre around synchronised address book and advanced phone backup onto secure network-based servers, and “mobile paparazzi”, allowing cell phone users to publish information, photographs and videos directly from their handsets to website and mobile sites. Voxmobili has deployed more than 21 platforms deployed worldwide, and has issued over 20 million licences for its products globally.

   

Onmobile plans Rs 600 cr IPO (Bangalore)

  • June 29th, 2007
  • 1:43 pm

Bangalore-based VAS provider OnMobile is planning to enter the capital market this financial year with an IPO of Rs 500-600 crore!

Onmobile is a network-level VAS provider and powers voice portals of most Indian operators. The company is gearing up to become an end-to-end VAS solution provider, intending to invest the IPO proceeds for its foray into the GPRS segment. 

Onmobile’s annual revenues are approx. $50 million (around Rs 210 crore) and the estimated value of the company is approx. $300 million (around Rs 1,250 crore).

Infosys has a 14% stake in the company. Onmobile had secured a strategic financing of $27.8 million (around Rs 115 crore) from Deutsche Bank, Goldman Sachs and Polygon Investment Partners late last year. This was the second round of funding for the company following its $18 million (around Rs 73 crore) first round in 2000 secured from Argo Global and HNQ Asia-Pacific.
The company’s competitors include IMI Mobile, Cellebrum and Mauj.