Royal Tunbridge Wells, Kent, April 29, 2010 -- Synchronica plc, the international provider of next-generation mobile messaging services, announces that at its general meeting, all resolutions proposed to acquire Colibria's IMPS business were passed, and Synchronica therefore has the support of its shareholders to complete the purchase and associated fundraising.
Synchronica agreed to acquire Colibria's IMPS instant messaging business, reseller agreements, and existing worldwide mobile operator customer base on 31 March, allowing Synchronica to accelerate its entry into the fast growing mobile IM sector and help to achieve its goal of becoming the leader in next-generation mobile messaging for emerging markets.
Synchronica will continue to develop, market, and support Colibria's open standards-based IM technology as a stand-alone product. The software will also be integrated into Synchronica's Mobile Gateway messaging suite and will be pre-installed on the recently launched MessagePhone, a low-cost messaging-centric handset powered by Mobile Gateway. As part of the transaction, Colibria will transfer 13 carrier contracts to Synchronica, including two large carrier groups with an addressable market of more than 300 million subscribers, while also transferring two reseller agreements with a tier one network equipment provider and a leading messaging infrastructure software provider.
David Mason, Chairman of Synchronica, comments: "The purchase of Colibria's Instant Messaging software is highly complementary to Synchronica's mobile email and synchronization suite and gives us increased advantage in the rapidly expanding market for mobile messaging software. Also, the contracts acquired from Colibria give us access to key clients in high-growth areas including Latin America, Africa, and CIS. We are fully committed to continued development and support of the Colibria IMPS product, and we are looking forward to work with Colibria's customers and partners to ensure a seamless transition and continuity with equal or improved support and a convincing product roadmap."
Founded in 2000, Colibria is a leading global provider of new-generation messaging, presence- and socially aware network address book solutions. Colibria's investors are Verdane Capital, Ferd Venture, and Bjørgvin Vekst i AS. http://www.colibria.com
Synchronica plc is a leading developer of next-generation mobile messaging solutions based on open industry standards. The award-winning product portfolio includes the flagship product Mobile Gateway, providing push email, synchronization, instant messaging (IM), backup and restore, and mobile connectivity to social networks. Synchronica's products are white-labeled and offered by mobile operators in emerging and developed markets to provide mass market messaging services, increasing data revenues and reducing churn.
Synchronica Mobile Gateway provides a unique multi-protocol gateway combining Push IMAP, SyncML, ActiveSync, Email to MMS, and Email to SMS, delivering push email and synchronization to literally any mobile phone currently in the market without requiring an additional client to be downloaded. Expanding instant messaging to mobile devices, Mobile Gateway establishes carrier-branded IM communities, using the industry standard XMPP and provides gateways to popular internet IM communities, connecting any IMPS-enabled handset.
Headquartered in England, Synchronica also maintains a development center in Germany, in addition to a regional presence in the USA, Hong Kong, and Dubai. Synchronica plc is a public company traded on the AIM list of the London Stock Exchange (SYNC.L). For further information, please visit http://www.synchronica.com
Chief Operating Officer
Royal Tunbridge Wells, Kent
Tel.: +44 1892 552 780
Mobile: +44 7977 256 412
Fax: +44 1892 552 721