Mobile VAS company Altruist Group has acquired Sweden based Teligent Telecom, another VAS player, in an all cash deal, reports Techcircle. Teligent will continue to operate under its own brand name post-acquisition.
Altruist, which has presence in Southeast Asia, Middle East and Africa will now gain access to markets in Europe, North Africa and US following the acquisition.
According to the report, Teligent currently provides mobile VAS servicesincluding voicemail and messaging. Its clients include carriers such as BT, Vodafone, Telenor, Maroc Telecom and DTMS. The company has offices in Sweden, Germany, France, Morocco, Malaysia, UK, USA, Philippines and Singapore.
Altruist’s other acquisitions: The company had reportedly acquired Mobisoft (PhoneyTunes) in November 2011. Altruist had previously acquired RelayStrategy – a mobile applications and IT solutions development company. It had also bought 20% stake in Vegam Solutions – a mobile VAS Retail and voice gaming company,last year. The company had acquired Media2win in an all stock deal, following which the two had merged.
Founded in 2005, Altruist Group was founded by brothers Dheeraj and Anuj Aggarwal. The company provides voice and web based value added services (VAS), business process outsourcing, mobile advertising, among others to telecom operators. Its clients in India includes Uninor, Virgin, Vodafone, Aircel, MTS, S-Tel, and Tata Docomo. Apart from providing value added services to telecom providers, Altruist also provides M-Governance, Handset based applications and a Video sharing platform.
Altruist which is essentially a mobile VAS company competes with other players which provide VAS solutions including OnMobile, One97 Communications, among others.