MobileWave Acquires Ariose Software

Mobile marketing, loyalty and technology company MobileWave has sign a deal to acquire Indian company Ariose Software. Founded in 2006, Ariose has developed 120 mobile solutions and achieved just over 1m app downloads.

Ariose is currently working with MobileWave to develop and refine its b2c mobile relationship management platform.

Rory Stear, executive chairman, MobileWave Group, says: “The coming together of these two companies marks a significant strategic move for MobileWave for two reasons. Firstly, Ariose brings MobileWave in-house, world-class technical expertise and skills, with the gain of 40 technical engineers who will add significant value to the development of its platform.  Secondly, the fusion of the two experienced senior management teams will deliver strong customer relationships and work together to extract significant value from the market opportunity as well as future acquisitions.”

The acquisition is subject to customary closing conditions and will result in MobileWave acquiring 100 per cent of the issued share capital of Ariose.