Synchronica has signed an expansion contract with a tier-one
multinational mobile operator group in Latin America.
The operator group has already rolled-out Synchronica's Instant
Messaging solution; the expanded contract adds Synchronica's push email
and synchronization technology.
Synchronica will receive additional recurring revenue from a monthly fee
per active email user.
Push Email and synchronization services will be deployed across all
subsidiaries of the group and will be hosted and maintained by
ROYAL TUNBRIDGE WELLS, UK, May 9 /CNW/ - Synchronica plc ("Synchronica"
or "the Company") (AIM:SYNC) (TSXV:SYN) the international provider of
push email, instant messaging and social networking services, has
signed an expansion to an existing group-wide contract with a
multinational tier-one mobile operator group.
The expanded contract will see Synchronica extend the functionality of
the group's existing mobile Instant Messaging (IM) services to provide
mass-market push email and synchronization. The contract, which
Synchronica gained with the acquisition of Colibria's IMPS Instant
Messaging business in April 2010, provides Synchronica with a strong
and growing recurring revenue stream.
The enlarged service is scheduled to be deployed across all of the
group's subsidiaries in Latin America, and will allow subscribers to
access an email address provided by the operator's own-branded webmail
service from any mobile phone. In addition, users will be able to
connect with mainstream consumer email communities such as Windows
Live, Hotmail and Yahoo, as well as synchronize enterprise email
systems such as Microsoft Exchange or Lotus Domino.
Email and IM services are gaining popularity in the Latin American
region. According to a recent study conducted by the online marketing
research company comScore, IM records a 68 percent penetration rate in
the region compared with the global average of 35 percent; while email
records a 76 percent penetration versus 63 percent globally.
Carsten Brinkschulte, CEO of Synchronica, comments: "This contract
expansion illustrates perfectly how Synchronica can provide
complementary services to existing customers and in turn benefit from
increased commercial value. We are confident that the addition of push
email and synchronization to the group's messaging portfolio will help
to increase overall revenues while also acting as a strong churn
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
The foregoing information may contain forward-looking statements
relating to the future performance of Synchronica plc. Forward-looking
statements, specifically those concerning future performance or
results, are subject to certain risks and uncertainties, and actual
results may differ materially from Synchronica's plans and
expectations. These plans, expectations, risks and uncertainties are
detailed herein and from time to time in the public filings and
announcements made by Synchronica, including those made with AIM, a
market of the London Stock Exchange, with the TSX Venture Exchange or
with securities regulators. Synchronica does not assume any obligation
to update or revise its forward-looking statements, whether as a result
of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein.
SOURCE Synchronica plc
For further information:
| Synchronica plc |
| Carsten Brinkschulte, CEO |
Angus Dent, CFO
Nicole Meissner, COO
| +44 (0) 7977 256 406 |
+44 (0) 7977 256 347
+44 (0) 7977 256 412
| TMX | Equicom || Craig MacPhail || 416 815 0700, ext. 290 |