Licensing agreement with mobi

RNS Number : 4713B

Synchronica PLC

28 October 2009

 



Synchronica plc

('Synchronica' or 'the Company')

Licensing agreement with mobile software vendor

Synchronica plc, the AIM listed mobile email and data synchronisation provider, announces that it has signed a licensing agreement with a mobile software vendor ("the Software Vendor") worth an initial €175,000, for the use of non-core legacy software ("the Legacy Software") owned by Synchronica. 

Under the terms of the agreement the Software Vendor will make a one-off payment of €150,000 to Synchronica for a perpetual licence limited to in-house usage of the Legacy Software. The remaining €25,000 is for the support and training provided by Synchronica over the first 12 weeks of the installation. If the Software Vendor sub-licenses the Legacy Software to a third party, then an additional one-off payment of €150,000 will be due to Synchronica.

Carsten Brinkschulte, CEO of Synchronica, said, "Whilst this deal is to license non-core legacy software, we are nevertheless pleased to generate revenues from this product which makes another contribution to our revenues in the second half of the financial year."

Enquiries:

Synchronica plc www.synchronica.com	Carsten Brinkschulte, CEO  Angus Dent, CFO  Nicole Meissner, COO	[phone] [phone] [phone]
FinnCap	Charles Cunningham	[phone]
Walbrook PR Ltd	Paul McManus	[phone] [phone] [e-mail]

 About Synchronica

Synchronica plc is the leading developer of industry-standard mobile push email and synchronization solutions. The award-winning product portfolio includes the flagship email and synchronization solution Mobile Gateway, and the device backup solution, Mobile Backup. Mobile operators in emerging and developed markets use Synchronica's white-labelled products to offer their consumer and business subscriber's mobile email, PIM synchronization, and backup and restore services. 

Synchronica's Mobile Gateway provides a unique multi-protocol gateway combining Push IMAP, SyncML, Email-to-MMS and Email-to-SMS, delivering push email and synchronization to literally any mobile phone currently in the market today. The device backup solution Synchronica Mobile Backup, also based on industry-standards, reaches the built-in synchronization clients of more than 2 billion mobile phones worldwide, without requiring an additional client to be downloaded.

Headquartered in England, Synchronica also maintains a development centre in Germany, in addition to a regional presence in the USA, Hong Kong and Dubai. Synchronica plc is a public company traded on the AIM list of the London Stock Exchange (SYNC.L). For further information please visit www.synchronica.com.

 

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