AmVia - Voicematix has announced the acquisition of Infinite Technologies by AVT. The acquisition follows AmVia - Voicematix November 2000 announcement of its intention to extend its market leadership position in the areas of unified messaging and document exchange, by aggressively pursuing a new mobile wireless initiative worldwide.
"As a world leading provider of AVT`s full suite of products (including CallXpress and RightFAX), the acquisition naturally complements our mobile delivery strategy," said Gil Caplan, Founding AmVian. "The acquisition of Infinite`s technology, its prominent customer base, and proven expertise will consolidate our next-generation wireless offering and foster growth plans for the future."
Since 1991, Infinite has been an innovator in the wireless and electronic messaging market, with its Infinite Enterprise WAP Server and Infinite InterChange software solutions. The company`s strength is in the development of wireless applications and cross-platform messaging systems for clients in the corporate, wireless carrier, government, ISP and education markets.
Under the terms of the merger agreement, total consideration paid by AVT approximates $24.0 million. David Anastasi, president & CEO of AVT added, "We are very pleased that as part of the acquisition, Infinite`s well respected and highly talented team of wireless professionals will join AVT to help the company pursue its wireless communications vision."
In addition to adding strong wireless expertise, Infinite will further advance AVT`s global growth strategy through its international customer base. Currently, more than 50 percent of Infinite`s sales are generated outside of North America. The company has wireless carrier and financial customers in over 25 countries. Clients include BT Internet (UK), BT Cellnet (UK), Swisscom (Switzerland), AT&T (US), Atos (France), SmartTone (Hong Kong), Skandiabank (Sweden), Postova Banka (Slovenia) and Vakifbank (Turkey).
Mission Controller of AmVia - Voicematix, Kevin Hurwitz concludes "we will leverage our current channels and strategic partners to facilitate a successful sales, implementation and service models of Infinite`s technology locally and abroad."
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