Acquisitions

Vox mobili S.A.

On September 10, 2007, we completed the acquisition of the entire issued share capital of “Vox mobili S.A.” (“Vox mobili”), a provider of telecommunications related value added services focused on global management of personal and group data such as personal data management, wireless synchronization and embedded client solutions to telecommunications operators, Internet Service Providers (“ISPs”) and cable operators.
Vox mobili is a societe anonyme organized under the laws of France in 2000. Vox mobili has a wholly owned subsidiary, Vox mobili Inc., which was incorporated in the State of Washington, United States in 2003 to provide technical support services to one of Vox mobili’s customers, AT&T Wireless.

ITfinity Solutions Private Limited

Our Company acquired and merged “ITfinity Solutions Private Limited” a mobile data specialist Company, through a scheme of amalgamation and arrangement approved by the High Court of Karnataka by order dated March 27, 2007 and the High Court of Mumbai by order dated April 21, 2007. The Merger is effective from May 14, 2007.. ITfinity is a leading provider of various mobile products (like On-Device Portals, phone back up, Managed Messaging), technology platforms, applications and turn-key services to mobile operators, handset manufacturers and VAS portals.

Ver se Innovation Private Limited
Our Company has acquired 51% of the share capital of “Ver se Innovation Private Limited”, a company providing vertical search & recommendation services on mobile, handheld devices using its contextual diversified vertical search engine software. Ver se is also in the business of m-commerce, web, telecom, data com and e-commerce.