Our friends from Mobispine are in the shopping spree. They announced a definitive agreement under which Mobispine will acquire all General Wireless shares in a stock transaction. The combination of the two companies will offer consumers “one of the most comprehensive portfolios of mobile applications in the industry,” including personalized RSS feeds of news and blog articles, the ability to share content with friends and the option to send SMS and MMS messages from the PC to mobile phones among other features. On the other hand, Mobispine will make sure its mobile news reader app reaches more people through already established General Wireless’ carrier partnerships.
The products and services currently offered by Mobispine and General Wireless greatly complement each other and will drive further growth. To date, both companies have grown strongly with Mobispine’s current adoption rate tracking at 200,000 mobile downloads per month with users in more than 180 countries. As a result of the acquisition Mobispine will have access to General Wireless’ expansive list of global customers and partners which will broaden the company’s reach and drive momentum. General Wireless has partnerships with more than 20 global operators such as: Vodafone UK, Telefonica Moviles Espana, Orange, Telecom Italia Mobile, KPN, TeliaSonera, Mobilkom Austria, NetCom, 02 and Tele2 among others.
General Wireless’ CEO commented on the transaction: “The combination of General Wireless and Mobispine represents an enormous opportunity for mobile operators and consumers who are seeking the latest technologies and value for money… This acquisition will allow us to combine efforts and technologies and deliver the best applications for the mobile Internet.”
Completion of the transaction is subject to regulatory approval, Mobispine shareholder approval and other customary closing conditions.