SinglePoint is acquiring India-based M2Junction, which has developed a text-messaging mobile advertising platform. The purchase comes just a week after the Bellevue, Wash. company sold off off a piece of its business to Ericsson and announced a new CEO. Terms of the deal were not disclosed.
SinglePoint said the acquisition enables it to enter the Indian mobile advertising market, by serving content owners, mobile operators and brands agencies. M2Junction is based in Dallas with significant operations in Hyderabad, India. In a release, SinglePoint’s new CEO Gowri Shankar, said: