Mobility solutions provider Mahindra Comviva has signed an agreement to acquire Australia-based software company Emagine International for an undisclosed value.
This information was released by the company in an official press statement on Friday (1 September).
Emagine International is a specialist provider of real-time, contextual marketing solutions and managed business intelligence services.
Acquisition of Emagine enhances Comviva's strengths and in addition to the technology and solution capabilities of both companies, matured managed marketing services will further enable Comviva to deliver enhanced customer value.
Emagine's acquisition will strengthen Comviva's in-region capabilities to deliver end-to-end solutions to customers.
It also adds a number of customers, including Optus, 9 Mobile (formerly Etisalat Nigeria), Virgin Mobile, Vodacom and Vodafone Australia to Comviva's portfolio, the company said in the press statement.
Comviva also announced the appointment of David Peters, Chief Executive Officer, Emagine International and Amit Sanyal, Business Head, customer value management practice, Comviva, as the Executive Heads of the combined business.
Manoranjan 'Mao' Mohapatra, CEO, Mahindra Comviva said, "We are delighted to join hands with Emagine as it will greatly enhance our ability to capitalize on the exploding demand for consumer analytics solutions. Comviva is focused on ensuring a leadership position in this space. With this, we are well positioned to deliver accelerated revenue growth to all our stakeholders."
David Peters, CEO, Emagine International said, "We're confident that the combined strengths, services expertise, and talent of our companies will bring greater end-to-end capabilities of products and services for telecom operators, delivering greater value to all our existing customers globally, and opportunities for accelerated growth."