DGAP-News: Devonhill Technology Partners PLC: Devonhill Technology Partners plc announces the acquisition of WASP Mobile, LLC
(firmenpresse) - Devonhill Technology Partners PLC / Mergers&Acquisitions
23.08.2010 14:42
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Frankfurt, August 17, 2010 - Devonhill Technology Partners plc hereby
announces the acquisition of the Mobile and E-commerce solutions provider
WASP Mobile, LLC. The acquisition has been approved by the Boards of
Directors on August 17, 2010. The closing as well as the announcement of
the transaction terms are anticipated in September 2010.
Devonhill's Managing Director, Richard Iamunno, stated 'The acquisition of
WASP Mobile is Devonhill's initial access into the wireless marketplace
which is a critical component to our business strategy. WASP is uniquely
positioned to act as our international mobile platform as we execute our
plan to develop the company into a global leader in mobile/wireless
marketing and services.'
Rick Catinella, CEO of WASP, sees the cooperation of both companies as a
possibility to serve as a 'one-stop shop' for media and marketing
companies, offering development, marketing and distribution solutions for
mobile video applications and services. 'We believe that this combination
will create an opportunity for accelerated growth and significantly
increase our existing revenue stream' stated Catinella.
About WASP Mobile, LLC
WASP Mobile, LLC, located in Boca Raton, Florida, provides an integrated
Mobile and Web based software as Service (sass) for companies seeking to
digitize and mobilize their marketing campaigns. Using their proprietary
technology, proven cutting-edge marketing efforts and turnkey solutions,
WASP make every facet of building or improving on a campaign relevant to
current consumer trends. WASP clients can choose from a suite of services
that effectively entails all facets under the mobile umbrella including:
SMS text messaging (short code), Bluetooth /Proximity Marketing, and Mobile
Web, Mobile Applications or video streaming. The company's SMS platform
offers customers the ability to run marketing and billing campaigns through
many of the leading wireless providers in North America including Verizon,
AT&T and Sprint. Its mobile application development platform enables WASP
to build applications for multiple smartphone platforms as iPhone, Android,
Windows, BREW and Ovi (Nokia).
For further information please visit the company's website
www.waspmobile.com
About Devonhill Technology Partners plc
Devonhill Technology Partners Plc is a technology investment holding
company based in London, UK. The Company markets Intellectual Property for
commercialization purposes and seeks to acquire or provide strategic
investments into technology companies in the communications sector on a
global basis.
For further information about Devonhill Technology Partners plc please
refer to the company's website www.devonhilltech.com or contact our
corporate communications department:
Devonhill Technology Partners plc
Corporate Communications
tel.: +49 (0) 89 244118 - 414
fax: +49 (0) 89 244118 - 499
23.08.2010 14:42 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Datum: 23.08.2010 - 14:42 Uhr
Sprache: Deutsch
News-ID 32050
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