MBlox Hits $110 Million In Annual Sales As It Ponders Going Public

mBlox

If Motricity can do it, perhaps others in the space can, too. MBlox, which enables payments for mobile data services, has told the WSJ that it generated “north” of $110 million in revenue in 2009, and may be seeking additional capital for further acquisitions. It may even consider an IPO in 2011 if revenues stay at this level.

MBlox originally built its business around premium SMS services but has since diversified into other areas such as enterprise messaging and “sender pays” services. We talked to a spokesperson who told us that these new areas are still a relatively small part of the business. At the same time, the premium SMS business has faced some challenges – namely regulatory scrutiny of the area after some companies were discovered to be overcharging users.

Andrew Dark, the CEO of mBlox, said in an email that the company has ditched some of its clients as a result of the scrutiny: “Where clients have proved incapable of operating to the defined standards or have been unable to meet their contractual commitments to mBlox, we have terminated those relationships within the terms of our contract and it is these contracts

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