US Mobile Messaging Provider mGage Acquires Unicel For Rs 80-100 Crore In All-Cash Deal

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US mobile messaging provider mGage has acquired Bengaluru-based rival Unicel Technologies for an estimated Rs 80-100 crore in an all-cash deal that will help it emerge the largest player in this market with expected turnover of Rs 300 crore next year.
The deal provides an exit to Unicel founder and promoter Vinay Aggarwal, 37, who started the company in 2003 with Rs 1 lakh from his savings. “A marriage of the two companies will enable Unicel to deliver greater value to our customers and will increase our reach to a global customer base,” said Aggarwal who will launch another venture in the enterprise technology space this year. Original post at ET Telecom

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Wahengbam Rorrkychand

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