EDISON, New Jersey, January 7, 2014 /PRNewswire/ --
Flash Networks announced today that it has signed a definitive agreement to acquire Mobixell, a dominant player in mobile data management, network optimization, and rich media delivery solutions. This acquisition results in a combined market share larger than any other independent vendor, with hundreds of deployments, serving over one billion subscribers worldwide.
This synergistic union will enable Flash Networks 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. By joining forces, the two companies' complementary market presence and technological and commercial strengths will enable Flash Networks to offer operators best-of-breed mobile web and video optimization and monetization services, while continuing to maintain its commitment to existing customers.
"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."
The deal is expected to be formally closed by the end of January 2014.
About Flash Networks
Flash Networks, the leading provider of mobile Internet optimization and monetization solutions, enables operators to boost network speed, optimize video and web traffic, and generate over-the-top revenues from the mobile Internet. Sitting at the core of the network, Flash Networks' Harmony Mobile Internet Services Gateway accelerates LTE networks by 50% and reduces web and video traffic data by 30%, while providing operators with in-depth traffic analytics and user insights. In addition, with Harmony, operators can engage with their subscribers by offering an enhanced browsing experience while generating revenues from search, over-the-top content, and targeted advertising.
With offices in North America, Europe, Latin America, and Asia, Flash Networks services over 600 million subscribers daily and is proud to count among its customers top-tier mobile carriers including Orange, SingTel Group, MTS, T-Mobile, South Korea Telecom, and Telekom Austria Group. For more information, visit http://www.flashnetworks.com.
Mobixell Networks provides intelligent mobile Internet solutions to mobile operators that optimize data networks and maximize data profitability. Mobixell's flagship product, Seamless Access, enables mobile operators to intelligently manage, optimize, and monetize the surging mobile data and video traffic while giving subscribers an exceptional user experience.
Mobixell has dozens of deployments around the world, including Verizon, Vodafone, Bharti, Orange, XLcom, TIM, and Telefonica. Founded in 2000, Mobixell has offices in the US, UK, and Israel, and presence in Germany, Switzerland, Finland, India, Indonesia, and China.
SOURCE Flash Networks