Wmode Acquires ProvisionX from Glu Mobile
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o WMODE EXPANDS GAME DISTRIBUTION SERVICES AND EXTENDS GEOGRAPHIC REACH IN ASIA, SOUTH AMERICA AND EUROPE
CALGARY, Alberta, January 16, 2007 - Wmode, the leading provider of mobile content managed services under the ClearMode brand, announced today the acquisition of ProvisionX, the third party mobile games delivery business for mobile operators from Glu Mobile, a leading global publisher of mobile games. ProvisionX allows mobile operators to offer subscribers mobile games with the best purchase experience possible and serves carriers and media companies in Asia, South America and Europe. The addition of ProvisionX to Wmode's content managed services advances Wmode's global growth strategy.
With the addition of ProvisionX, Wmode will now operate its comprehensive mobile distribution services for customers in over 20 countries. Games publishers and developers will benefit from Wmode's global distribution network, allowing them to enter new markets quickly and cost effectively.
"The acquisition of ProvisionX strongly complements our current services by offering a dedicated gaming platform in high growth markets and expanding our reach in key Asian, Latin American and European markets," stated Emanuel Bertolin, the CEO for Wmode. "We are excited to work closely with the ProvisionX customers and provide them with our industry leading expertise in mobile content distribution."
Wmode serves over 40 carriers and media companies and works with hundreds of leading content providers. This transaction makes Wmode one of the most recognized international mobile content distribution services in the industry.
"We have been a partner of Wmode for years, and we are confident that their strong operational experience combined with the addition of ProvisionX to their portfolio of services will provide ProvisionX's current and future customers with innovative services that will enhance their current business." said Greg Ballard, President and CEO, Glu Mobile.
Wmode was advised by East Peak Advisors on this transaction.
About Glu Mobile
Glu is a leading global publisher of mobile games. Its portfolio of top-rated games includes original titles Super K.O. Boxing!, Stranded and the Ancient Empires franchise, and titles based on major brands from Atari, Harrah's, Hasbro, Microsoft, PlayFirst, PopCap Games, SEGA and Sony. Founded in 2001, Glu is based in San Mateo, California and has offices in London, Hong Kong, France, Germany and Brazil. Consumers can find high quality, fresh entertainment created exclusively for their mobile phones wherever they see the 'g' character logo or at www.glu.com
About Wmode
Wmode operates ClearMode®, a mobile content distribution service that provides for the recruitment, management, discovery, delivery and payment of mobile content. Wmode offers a complete suite of technologies and services as a managed service to enable mobile operators, MVNOs, content providers and media and brand companies to deliver a broad range of wireless Internet content and services to their consumers. ClearMode, the first complete content distribution solution, has been operated as a managed service since 2002. Wmode, founded in September 2000, is a privately held company with offices in Calgary and Toronto, Canada and Bern, Switzerland. Further information about Wmode can be found at www.wmode.com
Media Contacts
Marty Savoy
Director, Marketing and Communications
Wmode, Inc
+1(403) 210.8327
Marty.Savoy@wmode.com
