Mobile phone messaging technology group Synchronica has signed a letter of intent with Canada's NewPace Technology Development Inc to cooperate in the development, sales and marketing of a Rich Communication Suite (RCS) product.
NewPace will license its current and future RCS technology to bid target Sychronica, who will be responsible for markets and sales. The company created a partnership back in January 2011 when Synchronica acquired Neustar NGM Messaging, a business which NewPace provides provides with product technical support.
"NewPace's focus on innovation and insight has been a major factor in making our decision," said Simon Taylor, EVP Sales and Business Development at Synchronica.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"This partnership presents us with a great deal of potential, not least the 'time to market' benefits of being able to provide a full RCS-e solution which meets the needs of our customers today.
According to Synchronica's house broker and nominated adviser (Nomad) Northland, the partnership provides Synchronica "with the technology option that it can offer to network operators without the need for substantial network changes."
Synchronica is currently fighting off the unwelcome attentions of Swiss mobile devices software firm Myriad, which has launched an all-share offer for Synchronica, worth around 13p per share.
BC
