Sunday, June 29, 2003

Mobile companies merge

<A HREF="http://www.MobileSys.com">MobileSys Inc.</A> announced a merger with mBlox Ltd, Europe's leading SMS services provider, and the successful closing of $8 million (US) in venture capital and private equity to finance planned expansion. The round was led by Norwest Venture Partners and other participants included Novus Ventures, Duff Ackerman Goodrich and BA Venture Partners. The company will combine complimentary product offerings and global mobile messaging expertise from each organization, retain the mBlox name and maintain operations in London, Sunnyvale, and Hong Kong. mBlox will be led by MobileSys CEO Chip Hoffman, with mBlox CEO Andrew Bud serving as chairman and head of global operations.

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