Devonhill Technology Partners PLC
Devonhill Technology Partners PLC: Devonhill Technology Partners plc announces the acquisition of WASP Mobile, LLC
Devonhill Technology Partners PLC / Mergers & Acquisitions 23.08.2010 14:42 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 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 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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