Synchronica acquires AxisMobile and raises $18 million

Synchronica, an international provider of mobile email and synchronization solutions, has announced that it is acquiring consumer mobile email specialist AxisMobile for $4.9 million in new Synchronica shares.

Synchronica also stated that it has raised additional funds of $10million from new and existing institutional investors, which brings the total funding secured in 2008 to US$18 million. The additional funds will be used to accelerate product integration and fuel the growth of the combined business in emerging markets such as China, Africa, the Middle East, Eastern Europe and Latin America.

The AxisMobile acquisition aims to make Synchronica a top player in mass market mobile email and synchronisation middleware for mobile operators and service providers. The addition of AxisMobile’s complementary technology, customer base and routes to market, combined with the injection of $10 million of additional funds, will enable Synchronica to provide mass market mobile email solutions that work on more than three billion mobile phones in the market today.

AxisMobile’s consumer mobile email platform complements Synchronica’s Mobile Gateway software by adding ‘email to SMS’ and ‘email to MMS’ gateways, as well as a clientless solution for WAP/xHTML browser access. AxisMobile’s patented Optimizer email transcoding gateway further adds the ability to display a large variety of attachments such as Word, Excel and Powerpoint presentations on standard feature phone handsets that would otherwise be unable to support such functionality.