| [September 27, 2005] |
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Mobilitec Enters the Emerging U.S. MVNO Market with Full Force to Expand on Its Current Success with over Twenty Mobile Operators Worldwide
SAN MATEO, Calif. --(Business Wire)-- Sept. 27, 2005 -- Mobilitec Reports over 150% Revenue Increase Year over Year Driven by Strong Growth of Customer and Subscriber Base
Mobilitec Inc., a global provider of leading integrated software products that enable mobile content management and delivery, today announced that it is growing significantly as its mobile content management and delivery software continues to see strong adoption by wireless operators, MVNO's and corporate brands. Mobilitec attributes its 150% revenue growth to the 100% year over year increase in the number of mobile content downloads managed and served by operators with the Mobilitec platform. Mobilitec's wireless operator customers now represent more than 100 million subscribers worldwide. Mobilitec plans to extend its growth by entering the burgeoning MVNO market and is expected to announce shortly it has won its first U.S. MVNO customer and will enable the mobile content management and delivery of sports programming and entertainment for its brand partners' subscribers over mobile phones.
Mobilitec is projecting revenue growth of over 150% in just two years due to significant growth in the number of downloads. This trend is exemplified by one of Mobilitec's Asian customers that has been able to double its mobile content revenues each month and is expecting the revenue to double again in the next three months. Mobilitec delivers information and entertainment to mobile phones as a leading provider of integrated software products that enable the flexible and secure service creation, management, delivery and billing of rich, compelling mobile content for twenty leading wireless operators worldwide including the largest operating group worldwide, Vodafone, and numerous operators across the U.S., Europe and Asia.
Mobilitec attributes its growth and success to four main factors:
1) Strong and growing customer base. Mobilitec is the largest independent supplier of mobile download and management software and continues to gain market share. Just this year Mobilitec has won eight new customers, including its first customer win in the U.S. with a leading wireless operator and is playing a key role in the launch of the first U.S. national wireless phone service for sports fans.
2) Innovative and tightly integrated products and technology. Mobilitec's software is the most commercially deployed mobile content management and delivery platform worldwide for mobile operators, MVNO's and corporate brands. Mobilitec enables its customers to manage their mobile content service and content and offers merchandising services such as campaign management, bundling, and storefront creation to ensure the best user experience.
3) Influential Partners. Mobilitec partners with some of the top companies in the world such as Alcatel, Comverse, HP and IBM to make sure there is tight integration between mobile content management and delivery and existing customer networks. This is critical in ensuring revenue is captured correctly and subscribers' expectations are met.
4) Building demand and usage of mobile content worldwide. Mobile content offerings have moved beyond the mobile operator and now there are MVNO's and brands entering the market. With the increased distribution channels and consumer reach, Mobilitec is experiencing even stronger growth each month in the number of downloads through its expanded customer base. Mobilitec offers its operators an exclusive marketing program, mPower Marketing, designed to help operators increase their mobile content sales.
"Mobilitec is known for its ability to help its customers make money from mobile content offerings by bringing together a fully integrated solution that enables mobile operators, MVNOs and brands to manage, market and deliver any type of content to anyone regardless of the device," said Margaret Norton, CEO and president of Mobilitec. "With our worldwide experience, blue chip customers and partners, flexible technology and strong industry leadership, Mobilitec's customers look to us to be a key partner in building their mobile content business for the long-term."
About Mobilitec
Mobilitec is a leading global software company that offers an integrated software suite of products that enable mobile service delivery. The mPower suite offers flexible and secure service creation, management, billing and delivery of mobile media such as applications, video and audio for wireless operators and partners to generate and maximize revenue opportunities. Mobilitec is a privately held company headquartered in CA. For more information visit www.mobilitec.com.
All product and company names herein may be trademarks of their respective owners.
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