OnMobile eyeing mobile tech firms
The company is scouting for such potential targets across the globe. Potential targets are companies with strong mobile technology intellectual property.
By Writankar Mukherjee, TNN |
KOLKATA: OnMobile, which is one of India���s largest telecom value added service (VAS) providers, plans to acquire mobile technology companies to beef up its product portfolio. The Bangalore-based company is open to multiple acquisitions of small-sized companies with unique IPRs.
Though it has not set aside a corpus for such inorganic growth, OnMobile is ready to open its purse strings if it gets an interesting target. The decision comes on the heels of the company���s integration with the recently acquired French mobile data management firm, Voxmobili. Talking to ET, OnMobile CTO Mouli Raman said the company is scouting for such potential targets across the globe. ���The potential targets are companies with strong mobile technology intellectual property. If there is a good fit, we are open to higher valuations too,��� he said. Incidentally, the Voxmobili deal has been pegged at about e25 million.
���We have integrated our product portfolio with that of Voxmobili. As a result, we are now pushing our products to Voxmobili���s clients such as phone back-up service. This includes some of the biggest mobile operators like France Telecom, Orange and T-Mobile. Mobile paparazzi is another innovative product which allows photo sharing between the phone and social networking sites,��� Mr Raman added.
Though it has not set aside a corpus for such inorganic growth, OnMobile is ready to open its purse strings if it gets an interesting target. The decision comes on the heels of the company���s integration with the recently acquired French mobile data management firm, Voxmobili. Talking to ET, OnMobile CTO Mouli Raman said the company is scouting for such potential targets across the globe. ���The potential targets are companies with strong mobile technology intellectual property. If there is a good fit, we are open to higher valuations too,��� he said. Incidentally, the Voxmobili deal has been pegged at about e25 million.
���We have integrated our product portfolio with that of Voxmobili. As a result, we are now pushing our products to Voxmobili���s clients such as phone back-up service. This includes some of the biggest mobile operators like France Telecom, Orange and T-Mobile. Mobile paparazzi is another innovative product which allows photo sharing between the phone and social networking sites,��� Mr Raman added.
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It may be recalled that Infosys Technologies had incubated OnMobile in 2000. In fact, OnMobile now plans to work jointly with Infosys to sell its products outside India. ���We are exploring opportunities for a partnership with Infosys whereby they will sell our products to their existing telecom clients,��� Mr Raman said.
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