Myriad Completes Synchronica Acquisition To Create The World's Biggest Mobile Social Messaging Business
ZURICH, April 16, 2012 /PRNewswire/ -- Myriad Group AG (MYRN: SIX), the company powering billions of rich mobile social and web experiences on any connected device, today announces it has reached the required shareholder approvals to acquire UK-based Synchronica plc.
"This deal will create a powerhouse in the rapidly growing sector of mobile-social convergence," said Simon Wilkinson, CEO of Myriad. "It will establish a global service organisation serving over 100 Carriers and 25 OEMs around the world. At a stroke, it increases the addressable base for our award-winning product portfolios to over 1.8 billion subscribers with pre-installation of our products in over 100 million new devices each year."
Myriad has been in discussions with Synchronica plc since early November - and announced the terms of its offer on January 31st 2012. The two businesses currently serve customers including: ATT, Verizon, Vodafone, Telefonica, Orange, T-Mobile, America Movil, NTT Docomo, MTS, Softbank, Megafon, Telcel, TIM, Airtel and Claro.
Wilkinson concluded, "I would like to thank our shareholders for their support and collective efforts of Myriad's staff and its advisors during this process. We look forward to working closely with the Synchronica team as they become part of the Myriad Group."About Myriad Myriad is chosen by leading OEMs and network service providers to power rich mobile social and web experiences – from the most basic to the smartest connected device through a single, scalable platform. Today, over 2.5 billion mobile users rely on Myriad software. Myriad apps often provide users with their first taste of the Internet, and with our proven technology embedded in every Android device we are on target to help our partners power the next billion users. We operate worldwide, with offices in Switzerland, France, UK, USA, Mexico, India, UAE, China, South Korea, Taiwan, Japan and Australia. Headquartered in Zurich, Switzerland, Myriad is listed on the SIX Swiss Exchange (SIX Symbol: MYRN). For more information please visit our website: www.myriadgroup.com.
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