Info2Cell sold to
Info2Cell: Leading value added service provider in the Middle East
“Info2cell will give Altruist Technologies roads to Middle East countries as currently we are there only in UAE. Our current products have lot of potential in this area but we have not been able to penetrate this market well. We will also be able to use Content of Info2cell in Bangladesh and Indonesia which are huge markets with high subscriber base.”
Dheeraj Aggarwal, CEO Altruist Technologies
A pioneer in carrier billing, content development and delivery in the MENA region
Info2Cell is headquartered in Dubai with operations in Amman, Jordan and prior to the transaction a subsidiary of Rome-based Acotel Group, listed in Milan.
Well-known and respected across the Middle East, the Company is the leading provider of PSMS, Mobile Services, and Applications within the MENA region, providing services to over 40 operators.
Info2cell currently provides services like SMS/MMS channels, RBT content management, content distribution and portal development and products that include mobile applications, TV guide website 3alaTV, free subscription based magazine Alwan and the Egyptian character Haridi.
Giving Altruist Technologies access to the Middle East
With Acotel willing to focus on the energy management sector, Info2Cell was divested to Altruist Technologies (headquartered in India, 400+ employees spread across 13 offices).
Altruist had already acquired and integrated several companies in the space such as Mobile2Win (mobile advertising and content) and Teligent (value added service).
Info2Cell’s platform is available on various carriers in Saudi Arabia, Jordan, Iraq, Bahrain, UAE, Lebanon and Oman among others, complementing well Altruist’s core operations India, Indonesia & Nigeria
Stella EOC acted as sole advisor to the sellers.