Ericsson Buys SinglePoint Biz

Bellevue, WA-based SinglePoint, a mobile software firm, announced it has sold its mobile aggregation business to Ericsson (NASDAQ: ERIC) for an undisclosed price. The assets will give the Swedish giant connections to mobile operators that will bolster its text messaging reach in the U.S. SinglePoint is focused on mobile marketing and advertising; its messaging service enables publishers, brands, and ad agencies to connect with mobile subscribers. The company also announced that Gowri Shankar has been named CEO. Shankar succeeds Rich Begert, who has led SinglePoint, formerly called Wireless Services, since 2004.

Trending on Xconomy