Adamind Enters China With Purchase Of SenseStream

Adamind (a supplier of media adaptation software for mobile messaging (MMS), content and convergence services market) has made its first acquisition — Hong Kong based SenseStream, which is in the same business as Adamind but in the Asian market. The deal was for US$1 million in cash, with up to a further US$1 million in shares to be paid in 2007 based on performance in 2006. The deal is expected to close by the end of February 2006.

Comments have been disabled for this post