Inovisi Infracom Spends $30 Million On A Stake In Mobile Games Startup Ozura
Telecom infrastructure company Inovisi Infracom has acquired a stake in mobile internet social network game developer Ozura World for $30 million. In return, Inovisi will sell telecom infrastructure services for Ozura’s mobile social platform Fonwar.
According to Ozura’s most recent report, its Fonwar IM software has over 16 million users as of June 2010 – and it anticipates this audience to double in the next 12 months thanks to further growth across developing countries such as Thailand, Indonesia, Philippines, India, South Africa and South Americas.
Ozura, which publishes mobile games and other wireless entertainment products, says its games and apps have been downloaded over 30 million times over the past 2 years. Furthermore, the company claims to have seen 2 billion messages exchanged, and close to 1.2 billion SMSes delivered.
Inovisi for its part says it is looking for more investment and acquisition opportunities in the telecommunication space. The company is targeting over $120 million sales from mobile Internet related business in next 2 years and expects this to double by 2013.
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