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Synchronica wins order with mobile manufacturer

By BFN News | 07:31 AM | Friday 09 December, 2011


Synchronica(LON:SYNC), provider of next-generation mobile messaging services, has announced an expansion order for professional services from an existing Tier-1 mobile device manufacturer customer. The order, which is valued at $580,000, enables Synchronica to provide the customer with continued support and product development throughout 2012. All revenue associated with the order will be recognised during the 2012 financial year; however under the terms of the order, the customer is required to make an immediate payment of 50 percent of the order's total value. The remaining 50 percent will in turn be payable to Synchronica later in 2012. "This expansion order demonstrates that Synchronica's solutions continue to be viewed as a key differentiator in the highly competitive handset market," says Simon Taylor, Synchronica's EVP for International Sales and Business Development. "With Portio Research projecting global revenues from mobile email to exceed US$ 82 billion by 2016, and mobile Instant Messaging generating an estimated US$ 31 billion at the same time, mobile messaging is a service that is increasingly becoming an absolute 'must-have' on all grades of handsets." Story provided by StockMarketWire.com

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