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Geodesic Buys Interactive Networks For Undisclosed Sum

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imageIndian mobile and desktop communication and entertainment Geodesic has bought South American messaging and collaborations company Interactive Networks, which will become a wholly owned subsidiary. The acquisition gets Geodesic into the South American and African markets—it was already in India, Europe, Asia and the US. There seem to be good synergies beyond geography: Geodesic gets some offerings for mobile carrier and enterprise markets and Interactive Networks can include Geodesic’s suite of entertainment and communication products as part of their portfolio.

SEE ALSO: Geodesic Bucks Slowdown, Q4 Net Up 32%, FY09 Net Up 90%

More at our sister site mocoNews.net.

May 19, 2009 1:26 AM ET

Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Geodesic

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