14th Nov 2006 07:05
Adamind (LSE: ADA) ("Adamind" or the "Company"), a global supplierof software that enables mobile multimedia content and convergedcommunications services to be experienced over any device or network,announces that it has completed the first stage of a multiple capacityupgrade agreement with a carrier customer in the U.S through one ofits Multimedia Messaging Service Center (MMSC) OEM channels. £ This agreement will generate revenues of approximately $500k forAdamind and are factored into the revenue guidance for full year 2006provided by the Company on 30 August 2006. £ Shailendra Jain, CEO of Adamind said: "These capacity upgradesdemonstrate that operators are seeing an increase in MMS traffic andexpect this to rise further over the holiday season. Since theinstallation of the Adamind Spire(TM) platform, the carrier haswitnessed a multiple fold increase in its rich-media messagingtraffic." £ Cindy Andreotti, former President of Enterprise Markets at MCI andcurrently Strategic Advisor at Adamind adds, "While overall subscriberacceptance and global uptake of MMS has been relatively slow, recentreports are indicating a systematic upswing particularly in the UnitedStates. Adamind is well positioned to accommodate this growing demandin messaging and content services." £ According to quarterly statistics released by operators andstatistics published by Informa Telecoms & Media, the United States isthe global frontrunner in terms of MMS traffic. The CTIA Semi-AnnualWireless Industry Survey reports that MMS messages sent during themonth of June 2006 (1.1 billion) were equivalent to the total numberof MMS messages delivered during the entire first six months of 2005.According to a recent report by M:Metrics, MMS in the US has increasedby 32% in the last six months. £ About Adamind £ Adamind (LSE: ADA) is a provider of software that enables mobilemultimedia content and converged communications services. The companyaddresses the interoperability challenge that exists between differentmobile devices to receive and process media rich content. The AdamindSpire(TM) platform provides media adaptation and enhancement softwareenabling service operators to successfully deploy messaging, contentand next generation convergence services; generate new revenuestreams; and drive key new value-added-services (VAS) enablers such asadvertising, branding, DRM and anti-abuse support. Adamind has over100 deployments in some of the world's major mobile operator networksand content providers such as Universal Mobile Music and has strategicrelationships with major infrastructure vendors and system integratorsincluding Ericsson, HP, IBM, Accenture, LogicaCMG, Motorola, Openwave,Critical Path and CBOSS. www.adamind.com Copyright Business Wire 2006Related Shares:
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