No Longer a Rumor: Flash Networks Acquires Mobixell

Liam Glin, CEO,
Flash Networks

I reported yesterday on the expected acquisition of Mobixell by Flash Networks (here) for $15M and today it is official.

"This synergistic union will enable Flash Networks to meet the growing demand for data optimization, acceleration, and monetization services following the explosive growth of new consumer devices, rich multimedia content, and high speed 3G, 4G, and LTE networks. By joining forces, the two companies’ complementary market presence and technological and commercial strengths will enable Flash Networks to offer operators best-of-breed mobile web and video optimization and monetization services, while continuing to maintain its commitment to existing customers .. The deal is expected to be formally closed by the end of January 2014."

See "Flash Networks Acquires Mobixell Networks to Become the Leading Mobile Data Optimization and Monetization Company" - here.