Italian mobile content conglomerate Buongiorno rapidly is expanding its reach through the acquisition of iTouch, a South African firm specializing in mobile entertainment distribution. iTouch distributes content in 23 countries and has access to more than 500 million mobile subscribers. The firm was acquired by For-side.com in Japan in June 2005 and now is privately held following a management buyout in February. Current investors in iTouch are Oak Investment Partners and Goldman Sachs.
Buongiorno, as you may recall, purchased Rocket Mobile [1] in August 2006. Rocket Mobile is a well-known BREW partner that recently gained notoriety for its Song ID application that is being heavily marketed by Verizon Wireless.
For more on Buongiorno:
- Read this article [2] in Forbes
Related article:
Buongiorno acquires HotSMS. Report [3]
Links:
[1] http://www.fiercemobilecontent.com/story/buongiorno-buys-rocket-mobile/2006-08-03
[2] http://www.forbes.com/markets/feeds/afx/2007/07/03/afx3880090.html
[3] http://www.fiercemobilecontent.com/story/buongiorno-acquires-hotsms/2007-02-23