IMI Mobile To Buy Mobyko – A Mobile Back Up / Sharing Tool
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Indian companies are realizing the value of Mobile VAS so much so that they are buying out international companies and expanding in International markets to provide great VAS products. So in an interesting move Hyderabad based mobile company IMI Mobile is reported to be buying UK based Mobytec which owns Mobyko a mobile backup and content sharing service
IMI Mobile had earlier acquired digital music distributor DX3 in November and also bought the M2Y digital music platform from Nokia Siemens. Similar acquisitions have happened before but that was when a carrier like Vodafone bought Zyb in 2008. Mobyko has been around since 2007 and has received first round of funding. On the features front Mobyko lets users backup its mobile contacts, calendar, photos, video, SMS and other files online and to social networks.
Moconews reports that IMIMobile plans to pitch it to carriers in UK as a consumer social media aggregation service. There is no word on the amount it was acquired for.
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Mobkyo, Mobkyp, Mobkyo ? – It’s MOBYKO! MOBY-KO http://www.mobyko.com I can’t believe you’ve typed it so many different ways and got it wrong in your heading.
Hey thanks Ive corrected it. My bad. Will be careful next time!