Expansion Order from Latin America Mobile Operator

RNS Number : 1191I

Synchronica PLC

09 June 2011

 



Synchronica plc

Group-Wide Contract for Mobile Gateway 6 with Tier-1 Operator Targeting Latin America

Synchronica plc, the international provider of next-generation mobile messaging solutions, has signed a significant expansion order with a tier-one mobile operator group targeting Latin America. The group-wide contract covers the deployment of Synchronica Mobile Gateway 6 across all its Latin American subsidiaries.

This is the second Tier-1 operator expanding a group-wide agreement and further strengthens Synchronica's presence in the rapidly growing mobile market in Latin America. With the expansion order, the monthly fees have been doubled, reflecting the value of the additional services provided by Synchronica. The expanded agreement provides the multi-national operator group with a stronger VAS portfolio and significantly increases the recurring revenue Synchronica will receive per active user per month. This expansion order demonstrates Synchronica's success in building additional revenue streams from customers gained during the acquisition of Colibria's Instant Messaging (IM) business in 2010.

In aggregate, Synchronica's contracts with operators in the region cover more than nine out of every 10 mobile users in Mexico and Argentina and five out of every 10 mobile users in Brazil. According to data from Informa Telecoms & Media, mobile email and IM services are becoming increasing popular in Latin America, with revenues projected to reach US$ 1.1bn by 2015.

Introduced in February 2011, Mobile Gateway 6 introduces Pre-RCS Unified Messaging capabilities, with a presence-enabled address book, an ultra-lightweight J2ME client, support for xHTML browsers, and advanced document transcoding capabilities. It supports literally any mobile phone in use today, providing push Email, synchronization, instant messaging and social networking even on low-end devices. Mobile Gateway will enable the group's consumer, prosumer and business subscribers to enjoy advanced messaging without needing to upgrade or replace their existing mobile handsets.

Carsten Brinkschulte, CEO of Synchronica, comments: "This is the second contract expansion signed with a multi-national operator group in Latin America. It demonstrates Synchronica's ability to provide additional services to customers gained via the acquisition of Colbria's IM business in 2010 and increase the revenue generated from these contracts. We are confident that the addition of push email and synchronization to the operator group's messaging portfolio will enrich the product offering and we look forward to a successful roll-out."

Synchronica plc	Carsten Brinkschulte, CEO	[phone]
www.synchronica.com	Angus Dent, CFO	[phone]
	Nicole Meissner, COO	[phone]
Northland Capital Partners
(Nominated Adviser)	Shane Gallwey/Rod Venables	[phone]
(Corporate Broker)	Katie Shelton	[phone]
Walbrook PR Limited		[phone]
(media enquiries)	Paul McManus	[e-mail]
(investor enquiries)	Paul Cornelius	[e-mail]

About Synchronica

Synchronica plc is a leading developer of next-generation mobile messaging solutions. Mobile Gateway, Synchronica's flagship product, provides push email, synchronization, instant messaging (IM), and social networking services to any mobile phone currently in use. Synchronica's patented transcoding engine uses advanced streaming to download email attachments and can dramatically reduce the consumption of network bandwidth by as much as 90 percent.

Mobile operators and device manufacturers from emerging and developed markets rely on Synchronica's white-labelled product for providing mass market messaging services across the entire customer base, diversifying revenues and reducing churn. Synchronica's products are used by more than 80 mobile operators worldwide, and provide a one-stop solution for operators and device manufacturers that wish to introduce advanced mobile messaging services to their markets.

Headquartered in England, Synchronica also maintains a development centre in Germany and the Philippines in addition to a regional presence in Canada, the USA, Hong Kong, Spain, and Dubai. Synchronica plc is a public company traded on the AIM list of the London Stock Exchange (SYNC) and the Venture Exchange of the Toronto Stock Exchange (SYN). For further information, please visit www.synchronica.com

 

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