Wednesday, February 3, 2010

SinglePoint Sells Mobile Aggregation Business

Bellevue-based SinglePoint has sold its mobile messaging business to Ericsson, the firms said today. Financial terms of the sale were not disclosed. According to the firms, Ericsson will gain ownership of SinglePoint's operator connection agreements, which will be used to boost its messaging reach in the U.S. The firms said the sale was structured as an asset purchase. SinglePoint said that the deal will allow it to focus and direct more resources to its mobile advertising business.