Light Reading Mobile – Telecom News, Analysis, Events, and Research
News Analysis  

NeuStar Buys Followap for $139M

November 28, 2006 | Dan Jones |

IP peering and ENUM (electronic numbering) specialist NeuStar Inc. has bought British firm Followap Inc. for a cool $139 million in cash to improve its mobile messaging capabilities, particularly in Europe and Asia. (See NeuStar Buys Followap)

Followap has developed technology that enables mobile operators to offer instant messaging (IM) and presence-based services to their customers by enabling interoperability between the carriers' systems and the Internet portals and messaging gateways that enable IM. (See Followap Touts IM Hub.)

NeuStar forecasts that Followap's revenue will exceed $25 million in 2007 and more than double in 2008. The firm says that at the end of 2005, there were an estimated 12 million mobile IM users worldwide -- expected to double every year between now and 2009, and grow to nearly 200 million by the end of the decade.

Followap, which has been in business since 1999, was privately backed by investors including Carmel Ventures, Star Ventures, and Sequoia Capital. It's not known how much the company had raised.

Read the rest of this article at Unstrung.

— Dan Jones, Site Editor, Unstrung


Currently we allow the following HTML tags in comments:

Single tags

These tags can be used alone and don't need an ending tag.

<br> Defines a single line break

<hr> Defines a horizontal line

Matching tags

These require an ending tag - e.g. <i>italic text</i>

<a> Defines an anchor

<b> Defines bold text

<big> Defines big text

<blockquote> Defines a long quotation

<caption> Defines a table caption

<cite> Defines a citation

<code> Defines computer code text

<em> Defines emphasized text

<fieldset> Defines a border around elements in a form

<h1> This is heading 1

<h2> This is heading 2

<h3> This is heading 3

<h4> This is heading 4

<h5> This is heading 5

<h6> This is heading 6

<i> Defines italic text

<p> Defines a paragraph

<pre> Defines preformatted text

<q> Defines a short quotation

<samp> Defines sample computer code text

<small> Defines small text

<span> Defines a section in a document

<s> Defines strikethrough text

<strike> Defines strikethrough text

<strong> Defines strong text

<sub> Defines subscripted text

<sup> Defines superscripted text

<u> Defines underlined text

Network Computing encourages readers to engage in spirited, healthy debate, including taking us to task. However, Network Computing moderates all comments posted to our site, and reserves the right to modify or remove any content that it determines to be derogatory, offensive, inflammatory, vulgar, irrelevant/off-topic, racist or obvious marketing/SPAM. Network Computing further reserves the right to disable the profile of any commenter participating in said activities.

 
Disqus Tips To upload an avatar photo, first complete your Disqus profile. | View the list of supported HTML tags you can use to style comments. | Please read our commenting policy.
 
Related Content
Most Popular
Read
White Papers SPONSORED CONTENT
Featured
Resource Library SPONSORED CONTENT