Samsung Electronics today announced its
acquisition of NewNet Communication Technologies (Canada), Inc. (“NewNet
Canada”), a company operating Rich Communications Services (RCS)
business within NewNet Communication Technologies.
Previously known as
NewPace prior to its acquisition by NewNet Communication Technologies,
the company is a leading provider of RCS infrastructure and services.
The acquisition reinforces Samsung’s commitment to RCS as mobile
networks transition to IP-based networks and services.
This acquisition is a critical milestone not just for Samsung but
also for the communications industry. As an end-to-end GSMA-compliant
RCS solution, it will accelerate the deployment of RCS-enabled networks,
providing consumers with a ubiquitous standards-based messaging and
communications platform.
The acquisition will also enable Samsung to
offer interoperable server solutions for mobile operators that do not
already have their own RCS infrastructure. By driving significant value
for operators and consumers, the mobile communications market can
benefit from the broader communications ecosystem.
Consumers will benefit from an advanced messaging experience with
features such as enhanced calling, group chat, and the ability to easily
share and transfer large files including multimedia and high-resolution
photos. Unlike other messaging apps in the market, users will be able
to communicate on any network, with an RCS-enabled device as well as
SMS-only devices.
NewNet Canada, based in Halifax, Nova Scotia, will continue to
operate independently under the existing leadership of Brent Newsome and
Gavin Murphy as a wholly owned subsidiary of Samsung Electronics Canada
Inc.
About NewNet Communication Technologies, BV
NewNet Communication Technologies, BV
provides next generation mobile technology solutions. The company
offers mobile messaging, secure transaction processing, interactive
voice response, real time charging and rating, and broadband wireless
and network optimization solutions. Additionally, it provides product
and custom application development, installation, training, and network
engineering and management services. NewNet Communication Technologies
BV is a wholly owned portfolio company of Skyview Capital. Visit www.skyviewcapital.com
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