Consolidation Afoot In World Of Mobile Messaging
Switzerland’s Myriad Group is buying a UK-based rival, Synchronica, for £23.9 million in what appears to be an all-share deal. Myriad says the deal will make it one of the biggest providers of messaging services in the world. Together they provide messaging services to a huge range of tier-one carriers, covering some 2.5 billion subscribers and 100 carriers and 25 OEMs worldwide. Myriad CEO Simon Wilkinson becomes Synchronica executive chairman. Myriad’s CFO James Bodha is now an executive director at Synchronica.