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Buongiorno Acquires Rocket Mobile for $17 Million

Authored by Mark Hefflinger on August 3, 2006 - 5:25pm.
Milan, Italy - Buongiorno USA, a unit of the Italian digital music and media distributor, announced on Thursday that it has acquired Rocket Mobile, a developer of multimedia and messaging applications for mobile phones, for $17 million. Founded in 2001, Los Gatos, Calif.-based Rocket Mobile has developed mobile applications for customers including Sony BMG, National Geographic, Snapfish and Kodak. The company reported 2005 revenues of $5 million, and expects 2006 operating income of about $2.2 million. Rocket Mobile will operate as a business unit within Buongiorno, and continue to be led by president and CEO Wayne Yurtin.

http://www.prnewswire.co.uk/cgi/news/release?id=176588
http://www.buongiorno.com
http://www.rocketmobile.com

Published in BPOCanada, November 2006, Volume 1, No. 1
tags: Deals | Mobile | Mobile Deals | Acquisitions | Rocket Mobile | Buongiorno |



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