SinglePoint Sells Off Carrier Pipes To Ericsson; Focuses On Mobile Advertising
SinglePoint has sold off a piece of its business that has roots stretching back 16 years. Ericsson (NSDQ: ERIC), the Swedish infrastructure provider, has agreed to buy some of SinglePoint’s assets, which will enable it to send premium and standard text messages in the U.S. Release.
The messaging services will be part of Ericsson
Does anyone know the sale price? Undisclosed terms are usually not a great sign. It seems very likely that the amount is far below the $45 million in VC money raised over the years.
Slimy Rich Beggart will have to make an ignominious retreat back to the McCaw cabal to see if he can restore his professional credibility after mismanaging Singlepoint over the last few years.
The aggregation model is a failed model pumped by internal carrier teams looking for control, power and to rub shoulders with big media. If upper management at carriers only know the potential it had and what they are losing to the mobile internet, email and apps by not opening up.
Carriers are realizing but it may be too late. Network API initiatives are in full effect and thus the aggregation model will soon fade.
mmm… Amdocs is not an aggregator. Sybase is.
Yes, Amdocs is an aggregator. It owns OpenMarket.
My apologies Tricia, you are right.