Mobile data and SMS services company Valuefirst has acquired Delhi-based Cellnext Solutions, a subsidiary of the Escorts Group for an unnamed sum. Equirus Capital was the advisor for the deal. Cellnext was established in 2000 as part of Escorts Group owned telco Escotel Mobile Communications; Escotel was divested and sold to Idea Cellular in 2004 when the group decided to focus on its engineering businesses and disposed of all non-core businesses. Cellnext has clients including Tata Sky, LIC, Citi Financial, American Express, ICICI Bank, as well as operators such as BSNL, Airtel, Idea, Vodafone, MTNL, Reliance, Spice, BPL. It offers an m-commerce platform called cellPAY. Escorts group apparently put Cellnext on the block last year, but no sale took place because of the prevailing market conditions and low valuations. There were rumours over the last two months that Mobile VAS companies were in talks with Cellnext, according to sources. Separate Brand Identities: Why? Valuefirst plans to maintain Cellnext as a separate entity and the brands will not be merged. This is usually done when the buyer does not want to alienate valuable clients of the other company, or because the brands are almost equally powerful. However, in this case the enterprise customer base for the two firms overlap, so will this move to retain separate brands really help in the long term? Cellnext's focus has been primarily B2B, with products such as cellPUSH, Cellexpress shortcode platform, cellDIAL, MMS platform cellPAPER, cellTRUST and Cellmonitor. It also has a m-payment platform cellPAY…
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