The contract was executed on the 29th October 2004, the day that Tiger Telematics through its subsidiary company Gizmondo Europe Ltd launched the next generation mobile entertainment device in the UK. The parties expect closing to occur in the next month once formal approval is received from Integra SPâs shareholders.
The Bizmondo will share much of the incredible functionality of its entertainment-oriented cousin, the Gizmondo. Features including GPS, GPRS, MP3, MPEG4 movie player, and a razor-sharp TFT screen will all be combined in this sleek, handheld device. With the integration of AltioLive software, the Bizmondo becomes the ultimate mobile trading tool and access point for the accomplished business user. The initial development, Bizmondo Smartphone, is an all-in-one device that offers the flexibility and facility of a hand-held computer, and the communications ability of a mobile phone. You get the best of a phone, plus the calendar and email capability of a PDA, and now the power of a desktop Altio interface.
This deal brings together two innovative organisations, combining mobile technology and the real-time functionality for deploying enterprise applications in a browser, creating the next generation visualisation of services. While continuing the development and support of the existing Altio
product range, enterprise solutions, market penetration and expanding domain
expertise outside of the financial services industry, customers will be offered the ability to add mobile capability to their business applications. This will provide the customer with even greater opportunities for their products and services.
Mike Carrender, CEO Tiger Telematics said, "This acquisition and creation of
the Bizmondo device using the Altio platform is further evidence of our
technology leadership position. With Integra SPâs rapidly expanding sales and customers that include Deutsche Bank, HSBC, The NASDAQ Stock Market and Deutsche BÃ¶rse we are adding a strong, established business entity in its own right to the Tiger Group."
Sven Thiele, CEO Integra SP added "Our banking and finance customers have been asking us to make information and sophisticated services such as price dissemination, analytics and trading available anywhere, anytime in real-time. AltioLive is a great thin client software platform to do this, however we needed a powerful mobile hardware device â Tiger Telematics had the most advanced technology available. Combining this unique hardware and software proposition provides us with the opportunity to extend our leadership into mobile real-time content and commerce."
Carl Freer, Managing Director of Gizmondo, added "Integra SP have been involved in some of the largest trading systems. Altio makes what is traditionally inaccessible, such as Level 2 price distribution and trading on a mobile device possible. Bizmondo will provide real-time remote access to multiple functions ranging from financial services information, corporate applications, email and messaging whilst on the move. Being such a powerful platform on which to build, the expansion possibilities are endless."