Flash Networks, a global provider of intelligent mobile Internet solutions that enable operators to improve quality of experience, reduce network operational expenses and manage and monetize the mobile Internet, has signed a definitive agreement to acquire Mobixell to further enhance its potfolio into mobile data management, network optimization, and rich media delivery solutions. This will enable Flash Networks to offer operators best-of-breed mobile web and video optimization and monetization services to meet the growing demand for data optimization, acceleration, and monetization services following the explosive growth of new consumer devices, rich multimedia content, and high speed 3G, 4G, and LTE networks. According to some sources in the industry, the deal is estimated at $10-20 million.
“With the ever growing demand for our offering, this collaborative venture is an important step in establishing our dominance in the global market,” said Liam Galin, President and CEO of Flash Networks. “As the largest player in this domain – both in size and worldwide customer reach, our combined R&D strength will accelerate the speed of innovation to evolve our already ground breaking products. As we are interested in extending our position in the mobile operator market, Flash Networks is committed to continuing support of Mobixell’s solutions and customers.”
“We are pleased to be joining forces with Flash Networks,” said Klod Ghez, CEO of Mobixell Networks. “By combining our technological expertise and broad customer base, together with our mutual customer commitment, Flash Networks is uniquely positioned to enhance our offering and support our customers.” Read More 'Flash Networks Acquires Mobixell Networks to Become the Leading Mobile Data Optimization and Monetization Company'
