Tanla Solutions, a BSE listed mobile value added services company, has announced that it has signed a 5 year agreement with Nokia, covering Licence Management, Mobile Payments and related professional services. Nokia was using Tanla’s License Manager Product, for rights management of applications and software on mobile. Tanla had a license manager for the S60 platform, and developed it for the S40 platform (for low end devices) earlier this year; it has plans to expand the License Manager from Symbian devices to other platforms as well.
Post the March 2009 quarter, Tanla had sent its Director (Operations) Anoop Roy Kundal to Finland primarily to strengthen relations with Nokia. License Manager and Mobile Payments accounted for Rs. 31.5 Crores
during the April-June 2009 quarter, around 36.6% of Tanla’s total revenues. During that quarter for Tanla; contribution from this segment grew 25% sequentially. Tanla has a 90% stake in its Finland based mobile payments subsidiary Tanla Oy, previously known as Openbit Oy. The License Manager integrates application rights management and payments, enabling in-application billing, try-before-you-buy, subscription and many other business models on the handset. The company claims to allow transaction in 160 countries through Mobile Operator and Credit card billing.
Tanla has worked with Nokia before, providing premium messaging based services for Nokia’s maps business in India, and suffered when Nokia withdrew its map business from India after a spat with operators about insufficient revenue share.
Tanla will announce its financial results in a few days, and we’ll have updates on this deal, as well as their performance. During the March-June 2009 quarter, Tanla’s net profit dropped 61.5 percent to Rs.112.07 million. Income from Tanla’s international clients fell 39.4 percent to Rs.839.08 million.
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