NEW YORK, March 3, 2010 /PRNewswire/ -- Innovation Advisors congratulates its client dotMobi on the company's purchase by Afilias Limited. Financial terms were not disclosed.
Working closely with dotMobi's management team and board of directors, Innovation Advisors structured and negotiated the company's strategic acquisition by Afilias Limited, a global provider of Internet infrastructure services. Both dotMobi and Afilias are based in Dublin, Ireland.
dotMobi was founded in 2004 to launch the .mobi top level domain and expand the development of mobile friendly content on the Internet. The company was funded by a global consortium of leading mobile and Internet organizations: Ericsson, GSM Association, Google, Hutchison, Microsoft, Nokia, Orascom Telecom, Samsung Electronics, Syniverse, Telefonica Moviles, Telecom Italia, T-Mobile, Visa and Vodafone.
Innovation Advisors is a boutique provider of technology-focused investment banking and advisory services in the United States and Europe.
We're very excited for dotMobi's management, team, and board, said Eric Gebaide, managing director of Innovation Advisors. Over the course of this deal, we have seen a noticeable uptick in acquirer and seller interest across the technology and media landscape, and expect a very active market for technology investing and MA over the next several years, especially in and around the mobile web. We believe that this deal, when viewed in the context of Apple's acquisition of Quattro and Google's acquisition of Admob, the 15% anticipated increase this year in carriers' mobile broadband investments and Cisco's predicted 39x increase in global mobile data over the next 5 years, all lead to the inevitable conclusion that the mobile web has finally reached its inflection point, right here and right now.
About Innovation Advisors
Innovation Advisors is a leading advisory firm focused exclusively on serving the needs of technology companies. Founded in 2001, Innovation Advisors provides MA and private capital-raising advisory services, fairness opinions for private and public transactions, restructurings and other advisory services. Its advisors have collectively executed over US$5 billion in MA transactions and raised over US$6 billion in equity for growth-oriented technology companies. Headed by a team of senior advisors with extensive operating knowledge and broad Wall Street expertise averaging more than 20 years, the firm has four locations across the United States including New York, Boston, Chicago and Silicon Valley, servicing clients in the US and Europe. Innovation Advisors is a member of FINRA and the SIPC. For more information, call +1-212-268-1501 or visit http://www.innovationadvisors.com.
SOURCE: Innovation Advisors
CONTACT: Matt Batt for Innovation Advisors, +1-773-294-5808,matt.batt@pipelinemediarelations.com
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