Berkery, Noyes & Co., LLC, a leading independent investment bank serving the information and technology markets, announced that it represented Mobeon AB, the world's leader in IP-messaging components for mobile and fixed networks, in its sale to Ericsson (NASDAQ:ERIC). Mobeonâs IP-based voice and video mail are the key elements of Ericsson's Enriched Messaging solution, which in turn is a cornerstone of its multimedia strategy. Terms of the transaction were not disclosed.
Jan WÃ¤reby, Senior Vice President and Head of Ericsson's Business Unit Multimedia, says: "Voicemail is one of the most used messaging services by consumers and Mobeon is bringing us the latest IP generation messaging system prepared for both voice and video mail". "This acquisition is an important part of our networked media and messaging strategy. The combination of Ericsson and Mobeon's technological innovation will allow operators to offer an enhanced multimedia messaging experience to their customers", he adds.
âThis transaction highlights the strategic importance of best of breed mobile messaging solutions to global telecom and technology companies,â said James Holzer, the managing director of Berkery, Noyes who handled the transaction. âWith the industry consolidating rapidly and customers demanding solutions to increase ARPU, next-generation and highly scalable IP based mobile messaging products provide a competitive advantage.â
Mobeon produces the key component of Ericsson's Messaging over IP (MoIP) solution - an IP-based voice and video-mail solution for telecom operators. The largest MoIP installation has more than 26 million mailboxes, making it the largest IP-based voicemail system in the world. Mobeon has 130 employees in Sweden and the UK; all will be integrated into Ericsson's multimedia division.
Berkery, Noyes & Co., LLC acted as exclusive financial advisor to Mobeon AB. Berkery, Noyes is actively involved in mergers & acquisitions transactions in a variety of enterprise and infrastructure technology sectors including, among others, mobile messaging and data services, enterprise content management, business intelligence, financial and trading technology, enterprise applications, Internet/Web 2.0 and information security.