Mobile messaging vendor Acision has raised an additional $100 million to build on its position in the mobile data market. The new investment was led by existing shareholders Access Industries, with co-shareholders — International Investment and Underwriting (IIU) and Atlantic Bridge — also participating.
According to the leading research forecasts, global mobile data traffic is set to increase 39 times between 2009 and 2014, and this new backing will ensure Acision is positioned to service the market in a better way.
Commenting on the news, Acision’s Chief Executive Rory Buckley 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 capitalize 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.”
[Via: CellularNews]