OnMobile acquires French firm

OnMobile officials could not be reached for comment. The Silicon Valley-headquartered Infosys spinoff has a development centre in Bangalore and provides integrated voice and data solutions to wireless carriers and enterprises worldwide.

The company's multimodal platform product has inbuilt voice recognition technologies as well as SMS, MMS and location-to-host applications. It offers a suite of multimodal applications which have been deployed by leading wireless operators.

OnMobile's international business accounted for 15 per cent of its total revenues of Rs 70 crore in the fourth quarter fiscal 2008. Top 5 clients accounted for 75 per cent of revenues in fiscal 2008 down from 81 per cent in 2007.

The company has been moving from pureplay licensing towards a revenue sharing model. About 90-95 per cent of OnMobile's 2008 revenues comprised revenue share deals with wireless operators for applications like voice portals and ringback tones. Revenue shares range from 15-25 per cent.

The company views strong RoI from its ongoing acquisition plans. Last year, it acquired French value-added services player Vox Mobili for Rs 145.7 crore as part of its acquisition plans for fiscal 2009, and set up a wholly-owned subsidiary in Indonesia.VoxMobil accounted for Rs 31 crore of topline revenues in 2008.

OnMobile Global showed consolidated revenues of Rs 269.3 crore in fiscal 2008 and has given a guidance of 60-65 per cent revenue growth for 2008-09. The company share closed 1.65 per cent lower (down Rs 10.65) at Rs 636 at close of trading on BSE on Thursday.