Monday, April 26, 2010

(TECH) Amdocs To Acquire Mobile Internet App Development Platform Provider Streamezzo

"Customer experience systems provider Amdocs will acquire Streamezzo, a mobile internet application development platform, in order to broaden its solutions in digital services delivery. Amdocs did not give any financial details of the deal, which expect to close during the third quarter 2010.

Streamezzo is a provider of a development platform for the creation and the deployment of rich mobile Internet applications across multiple mobile operating systems and devices. In May 2009, the French startup company has raised €4 million in an investment round led by Innovacom, with participation by existing investors, Sofinnova Partners, Sofinnova Ventures, Qualcomm, NTEC and Telecom Valorisation.

Last month Amdocs acquired MX Telecom, a mobile payments and messaging aggregator with operations in Europe, United States and Australia, for approximately $104 million in cash. The move will aloo Amdocs to continue building its presence in mobile payments and expand the OpenMarket footprint outside of the US.

MX Telecom will become part of Amdocs’ OpenMarket, a leading mobile transaction hub in the United States. OpenMarket provides a comprehensive set of payment, messaging and emerging services to meet mobile business needs. The joint OpenMarket MX Telecom business will provide a hosted platform to extend mobile payment and messaging capabilities through an integrated network and product portfolio." (source)

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