& cplSiteName &

NeuStar Buys Followap for $139M

Dan Jones

IP peering and ENUM (electronic numbering) specialist Neustar Inc. (NYSE: NSR) 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

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
From The Founder
Ngena's global 'network of networks' solves a problem that the telecom vendors promised us would never exist. That doesn't mean its new service isn't a really good idea.
Flash Poll
Upcoming Live Events
March 28, 2018, Kansas City Convention Center
April 4, 2018, The Westin Dallas Downtown, Dallas
April 9, 2018, Las Vegas Convention Center
May 14-16, 2018, Austin Convention Center
May 14, 2018, Brazos Hall, Austin, Texas
September 24-26, 2018, Westin Westminster, Denver
October 9, 2018, The Westin Times Square, New York
October 23, 2018, Georgia World Congress Centre, Atlanta, GA
November 7-8, 2018, London, United Kingdom
November 8, 2018, The Montcalm by Marble Arch, London
November 15, 2018, The Westin Times Square, New York
December 4-6, 2018, Lisbon, Portugal
All Upcoming Live Events
Hot Topics
Dell CTO: Public Cloud Is 'Way More Expensive Than Buying From Us'
Mitch Wagner, Mitch Wagner, Editor, Enterprise Cloud, Light Reading, 3/19/2018
IBM Faces Age Discrimination Accusations
Mitch Wagner, Mitch Wagner, Editor, Enterprise Cloud, Light Reading, 3/22/2018
Eurobites: Cambridge Analytica Feels the Heat
Paul Rainford, Assistant Editor, Europe, 3/20/2018
HR: Cable Dominates US Broadband
Carol Wilson, Editor-at-large, 3/21/2018
Animals with Phones
Live Digital Audio

A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

Like Us on Facebook
Twitter Feed