724 Solutions announces agreement for X-treme MMS accelerator

July 20, 2004

1 Min Read

SANTA BARBARA, Calif. -- 724 Solutions (NASDAQ:SVNX)(TSX:SVN), a leading provider of next-generation IP-based network and data services, today announced the signing of an agreement with a leading mobile network operator to provide the X-treme MMS Accelerator (XMA) solution.

The X-treme MMS Accelerator (XMA) solution allows mobile network operators to launch new revenue-generating application-to-person (A2P) MMS messaging services in an efficient and cost-effective manner. Traditional MMS Service Centers (MMSCs) are adequate for the delivery of peer-to-peer MMS messages, but lack the message throughput to allow mobile network operators to take advantage of the newly emerging application-to-person MMS messaging opportunity. Strategy Analytics predicts global A2P MMS messaging revenue to grow to $10 billion, capturing almost half of the global MMS market in 2008.

724 Solutions Inc.

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