Acision secures additional investment

05 October 2010

Acision, a specialist in mobile data, has announced it has agreed a $100 million package of new funding.  The new investment was led by existing shareholders Access Industries, with funding also provided by co-shareholders International Investment and Underwriting (IIU) and Atlantic Bridge.

Acision says it will use this additional funding to underpin its growth strategy and build on its position in the mobile data market, while continuing to provide solutions which enable mobile operators to control, optimise and monetise mobile data traffic. In recent months, Acision has announced strategic wins at operators such as Telus, Mobilink, Videocon Telecommunications, VimpelCom, MTS and Tata Teleservices.

Rory Buckley, Chief Executive at Acision, said: “We are delighted to have secured this additional investment from Access Industries and other existing shareholders at a time when the telecoms industry is still feeling the effects of the economic downturn.  This commitment provides us with the opportunity to capitalise on the exponential growth in mobile data, but is also testament to our robust business model, operator track record and growing footprint in fast-paced, high-growth markets such as mobile broadband.

“Leading research forecasts that global mobile data traffic is set to increase 39 times between 2009 and 2014.  This new backing ensures Acision is positioned to service this growth market by delivering cutting-edge next-generation mobile data solutions to mobile operators. It is also further evidence that our investors share our vision for the business.”