Geodesic Buys Interactive Networks For Undisclosed Sum
Indian mobile and desktop communication and entertainment Geodesic has bought South American messaging and collaborations company Interactive Networks, which will become a wholly owned subsidiary. The acquisition gets Geodesic into the South American and African markets — it was already in India, Europe, Asia and the US. There seem to be good synergies beyond geography: Geodesic gets some offerings for mobile carrier and enterprise markets and Interactive Networks can include Geodesic’s suite of entertainment and communication products as part of their portfolio.
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This is an agressive move by Geodisc. The mobile messaging & content industry is a fast growing industry. The challenge is constant innovation. Geodisc has done well in India. However, the acceptance of such services will take time to grow. Considering this, the move by Geodisc appears to be very aggressive.
Geodesic made the right move to expand their operation around the world. This will definitely be an advantage to their part.
It is Very Nice South American messaging and collaborations company has bought New Interactive Networks, which will become a wholly owned subsidiary.
First, Congratulations! For Geodesic to Buys Interactive Networks. this is really very big move to growing his business. this move will improve his global business strategies and set himself as global partner, this is very big challenge for them, so all the best for provide more effective and competitive services to the world.