Hyderabad-based IMIMobile has acquired WINplc for $ 26 million. Vishvanath Alluri, CEO and founder, IMIMobile, said the move will give the combined entity access to major European Mobile operators, as WIN already has both technical and customer relationships with Tier 1 European operators. He added that the acquisition was financed by IMI?s PE investors, internal accruals, and debt of $ 9 million.
The combined entity will have a workforce of about 650, and provide managed mobile services to over 100 operators and business in 70 countries. Graham Rivers, CEO, WIN will stay on as executive director of IMImobile in the new structure.
