Congratulations to founder/CEO Barry Houlihan, and the team at Mobile Interactive Group on their acquisition by Velti. A great exit and the start of a new chapter in the mobile growth story. The deal is worth up to $60million.
Barry founded MIG in 2004 and has turned it into one of the fastest growing privately owned technology companies in UK and EMEA. The past year has seen many interesting developments for MIG, including significant partnerships with Facebook and Skype, as well as the acquisition of Zaypay, the mobile payments service provider and Digital Jigsaw, the digital technology agency.
Mobile Interactive Group has been one of the unsung stars of the European technology scene, respected by competitors and customers alike though it has not had the profile in the wider technology press that it deserves. It has grown from a comparatively small angel investment into a truly global mobile technology play. Their 300+ customers include Twitter, Facebook, M&S, O2, Vodafone, ITV, Skype, Sky, Barclaycard, Nokia and Samsung.
“MIG’s specialist disciplines include mobile technology and services provision; mobile billing, messaging andmCommerce; mobile advertising and marketing; multi channel digital solutions; the design and build of mobile sites and applications, and user experience design.” (Company website).
Velti is a publicly-held corporation based in Jersey, with over 800 employees worldwide. Velti began trading on the NASDAQ Global Select Market on January 28, 2011, under the symbol VELT. With a market cap of just over $500 million and their well established mGage platform, Velti offers MIG reach into new markets that would take a significant investment to acquire new customers.
Come and help Barry celebrate at our CEO Tales event, 6-9pm December 8th in London. Barry will be talking alongside Peter Bauer, CEO of Mimecast on growing a global technology platform from the UK.
- BLN CEO Tales, London, 8th December – Mimecast and Mobile Interactive Group CEOs on growing global platforms from UK
- BLNMiM, London, 22nd March – Making money in mobile
- Business of Software, Boston, MA, October 1-3rd 2012 – For people growing sustainable, profitable, software businesses.