MEDIA RELEASE PR41603
Acision Secures Additional Investment to Support Growth Strategy and Address Market Opportunities
in Mobile Data
READING, England, Oct. 5 /PRNewswire-AsiaNet/ --
Acision, a world leader in mobile data, is pleased to announce it has
agreed a $100 million package of new funding to enable the company to take
full advantage of the opportunities created by the mobile data revolution.
The new investment was led by existing shareholders Access Industries, with
funding also provided by co-shareholders International Investment and
Underwriting (IIU) and Atlantic Bridge.
As the pioneer in mobile messaging and the global market leader in SMS
solutions[1], Acision will use this additional funding to underpin its growth
strategy and build on its position in the mobile data market, while
continuing to provide innovative solutions which enable mobile operators to
control, optimise and monetise mobile data traffic. In recent months, some of
the world's largest operators have turned to Acision to help them to deliver
their mobile data services, with strategic wins at Telus, Mobilink, Videocon
Telecommunications Ltd, VimpelCom, MTS and Tata Teleservices Ltd.
Rory Buckley, Chief Executive at Acision, said: "We are delighted to have
secured this additional investment from Access Industries and other existing
shareholders at a time when the telecoms industry is still feeling the
effects of the economic downturn. This commitment provides us with the
opportunity to capitalise on the exponential growth in mobile data, but is
also testament to our robust business model, operator track record and
growing footprint in fast-paced, high-growth markets such as mobile
broadband.
"Leading research forecasts that global mobile data traffic is set to
increase 39 times between 2009 and 2014[2]. This new backing ensures Acision
is positioned to service this growth market by delivering cutting-edge
next-generation mobile data solutions to mobile operators. It is also further
evidence that our investors share our vision for the business."
NOTES TO EDITORS
About Acision
As a world leader in mobile data, Acision powers innovation and
profitable growth in mobile data services. As the pioneer of mobile
messaging, Acision's real time mobile data solutions support its customers
worldwide to drive new revenues with innovative services while controlling,
optimizing and monetizing data traffic. For more information, visit Acision
About Access Industries
Access Industries is a privately held, U.S.-based industrial group with
long-term holdings worldwide. Its industrial focus spans three sectors:
- Natural Resources and Chemicals
- Media and Telecommunications
- Real Estate
Incorporated in 1986 by Len Blavatnik, an American entrepreneur and
philanthropist, Access is an international industrial concern with strategic
investments in the United States, Europe and South America. Access has
corporate offices in New York, London and Moscow. Its holdings include a
About International Investment and Underwriting
International Investment and Underwriting (IIU) was founded in 1995 by
Dermot Desmond. It is located in Ireland's International Financial Services
Centre (IFSC) and is regulated by the Irish Financial Services Regulatory
Authority.
IIU is Dermot Desmond's private equity company with a focus on key sector
About Atlantic Bridge
Atlantic Bridge is a unique private equity firm with a differentiated
strategy focusing on European Middle Market Technology investments. The team
has exceptional operating, entrepreneurial and exit backgrounds from Parthus,
Goldman Sachs and Microsoft. The portfolio consists of companies in the
communications technology, semiconductor and software sectors.
---------------------------------
[1] Source: Informa Global Messaging Forecasts (March 2010) and Informa
Mobile Internet & Mobile Broadband Data (March 2010), which claims SMS is
largest data service
[2] Source: Cisco_Visual Networking Index Global Mobile Data Traffic
Forecast 2009-2014_09 Feb 2010
Press contacts
Maria Hudson
Acision
T: +44(0)118-930-8826 (direct)
M: +44(0)7894604040
E: maria.hudson@acision.com
SOURCE: Acision UK Ltd
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