Symbian Buys From MoGenesis

Symbian acquires Personnel and Technology from Beijing Genesis Interactive Technology as part of global R&D strategy

November 14, 2007

2 Min Read

LONDON and BEIJING -- Symbian Limited, today announced the acquisition of personnel and technology from Beijing Genesis Interactive Technology Co. Ltd. (‘MoGenesis’), a leading developer of smart OS mobile applications for the Chinese market. The acquisition is part of Symbian’s commitment and strategic growth in the Chinese market, significant to the continuous development of Symbian OS™, the market-leading open operating system for advanced data-enabled mobile phones known as smartphones.

Joining Symbian Software Beijing Co. Limited will be the engineers and management team of MoGenesis, including the CEO, Dennis Kung, who has been appointed as the new General Manager for Symbian in China, spearheading Symbian product development in the region. The team brings years of accomplished engineering experience within mobile platforms including Symbian OS and essential product creation capability that will help accelerate Symbian’s R&D operations in Beijing.

Symbian OS is licensed to the world’s leading handset manufacturers and to date, over 165 million Symbian smartphones have shipped worldwide to over 250 major network operators. During the third quarter of 2007, Symbian continued to lead the global smartphone market, with its licensees shipping 20.4 million Symbian smartphones worldwide resulting in a healthy growth of 56% since the third quarter of 2006.

Commenting on the acquisition, Nigel Clifford, Chief Executive, Symbian, said, ‘The acquisition will play a key role in Symbian’s global R&D strategy for our world-leading customers. China is one of the fastest growing markets for smartphones in the world and we will leverage our new Chinese resources to increase Symbian OS global product development. Symbian achieved 60% smartphone OS market share in China with 77% year on year growth, according to one analyst (Canalys) in Q207. We intend to continue growing our sales and our presence in this very vibrant market.’

Symbian Ltd.

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