Bangalore based, telecom VAS provider, OnMobile Global Limited has recently announced to acquire Livewire Mobile, provider of mobile entertainment services for an amount of $17.8 million. The new company will be a 100% subsidiary of OnMobile LLC, US and will be called OnMobile Live Inc.
As a purchase consideration, Onmobile will get the hold of LiveWire’s business assets, certain liabilities and stocks of Fonestarz Media Limited, UK – the managed services arm of Livewire based in UK.
OnMobile is already one of the largest B2B digital music service company providing music services for Telecom operators in Asia, Latin America, Africa and Europe. With the acquisition of Livewire Mobile, OnMobile will now expand its music and ringback tone services to leading operators in North America.
As per Mouli Raman, CEO & Co-founder, OnMobile, the acquisition will help them to establish their strong presence in North America. also, integration of services of both the companies can create a stronger proposition to telecom operators and consumers worldwide. Matthew Stecker, President and CEO of Livewire Mobile is also certain that this transaction was the path to maximize value for their shareholders and customers.
Headquartered in Boston, and founded in 1983, Livewire Mobile, Inc. manages end-to-end content solutions for network operators, OEM’s, media companies and content providers. They have launched the first over-the-air mobile music service in the Americas in 2005 and have their reach to over 400 million consumers worldwide. Livewire Mobile currently powers ringback tone and mobile music solutions for Sprint, MetroPCS, and Public Mobile amongst others.
OnMobile offers an array of products in Mobile Entertainment, Search and Discovery and Mobile Cloud services. With services in 59 countries and over 1600 employees worldwide, OnMobile has offices around the globe, including London, Paris, Madrid, Silicon Valley, Miami and Seattle.Category Investments Mobile News