Synchronica Receives Expansion Order from Tier-1 Handset Manufacturer
- Friday, December 9th, 2011
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Messaging services provider Synchronica has received an expansion order for professional services valued at $580,000 (£371,000) from an existing Tier-1 mobile device manufacturer. The order enables Synchronica to provide the customer with continued support and product development throughout 2012.
“This expansion order demonstrates that Synchronicas solutions continue to be viewed as a key differentiator in the highly competitive handset market,” says Simon Taylor, Synchronicas EVP for International Sales and Business Development. “With Portio Research projecting global revenues from mobile email to exceed $82bn by 2016, and mobile instant messaging generating an estimated $31bn at the same time, mobile messaging is a service that is increasingly becoming an absolute must-have on all grades of handsets.”
All revenue associated with the order will be recognised during the 2012 financial year. However, under the terms of the order, the customer is required to make an immediate payment of 50 per cent, with the remaing 50 per cent paid to Synchronica later in 2012.