wordpress blog stats
Connect with us

Hi, what are you looking for?

, , ,

OnMobile divests its speech technology assets for €650,000

OnMobile Global

Mobile VAS and ring back tone company OnMobile has divested some of its speech technology assets to France’s Voicebox Technologies, the company said in a BSE notification. The divestment of the assets was worth €650,000 subject to adjustments, escrows and other conditions.

“The speech recognition technology that OnMobile acquired through Telisma in 2008 has served its business needs well, but is no longer imperative for OnMobile’s new offerings, which are focused on smartphone apps,” Florent Stroppa, managing director of OnMobile said in a statement.

OnMobile acquired Telisma for €11 million. Telisma was created in August 2000 as a spin-off from France Telecom’s Research and Development Laboratory funded by European venture capital firms.

Earlier in November, MediaNama had reported that the company launched a mobile application for ringback tones called Identity, currently available only for Vodafone Spain’s subscribers.

New products development

Advertisement. Scroll to continue reading.

Onmobile had spent 2% of its revenues on developing its new products strategy and brands in the quarter ended June 30, 2015. The company continued to spend 2% of the revenue in the September quarter too. OnMobile CEO Rajiv Pancholy also revealed that the new products and offerings from Onmobile will be rolled out between March and June 2016.

Pancholy added that the new products will be launched only in selected geographies.”It would be in multiple geographies, but it will not be across all geographies, so very selected introductions. I think it’s safe to say that India would be one of the geographies,” he said in an analyst call.

Financials

OnMobile reported a net profit after tax of Rs 1.26 crore for the quarter ended September 30th 2015. It had reported a net loss of Rs 0.16 crore in the preceding quarter and Rs 1.21 crore in the same quarter last year.

It reported consolidated revenues of Rs 207 crore for the quarter ended September 30, a marginal decrease of 0.2% from Rs 207.5 crore from the same quarter last year and an increase of 2.6% from Rs 201.8 crore from the preceding quarter.

Advertisement. Scroll to continue reading.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

News

By Stella Joseph, Prakhil Mishra, and Yash Desai The Government of India circulated proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020 (“E-Commerce Rules”) which...

News

By Rahul Rai and Shruti Aji Murali A little less than a year since their release, the Consumer Protection (E-commerce) Rules, 2020 is being amended....

You May Also Like

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ