News Articles

Wednesday, July 27, 2011

Vringo and Zlango merging to create new mobile social media business

It’s a match made in an odd kind of dictionary: Vringo and Zlango are getting together. Vringo provides software platforms for mobile social and video applications - video ringtones, for example - while Zlango is a mobile messaging company that can add multimedia content to standard text-based messages.

Vringo says it plans to acquire and merge with Zlango, resulting in what they hope to be a new leader in the mobile social arena. It’s also picked up $2.5 million of investment, mainly from venture capital firms Benchmark Capital and DAG Ventures.

Jon Medved, Chief Executive Officer of Vringo, said “We are thrilled to announce this investment from Benchmark and DAG, along with our Letter of Intent to acquire and merge operations with Zlango. The financing led by Benchmark Capital and DAG Ventures is a significant vote of confidence in Vringo. We believe Zlango's exciting messaging platform will allow us to enter the massive mobile messaging market, which ranks second in mobile revenue only to voice. This additional funding and the Zlango transaction will be highly beneficial as we continue to grow our business.”

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Applications, NewsNumber of views: 2218

Tags: social networking sms video ringtones

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«July 2021»
MonTueWedThuFriSatSun
2829301234
567891011
12131415161718
19202122232425
2627282930311
2345678

Archive

Terms Of Use | Privacy Statement