LA (USA) / Hong Kong (China) / Jakarta (Indonesia) 12 October 2010 - Fast rising mobile Internet star Ozura World Ltd has sold a strategic stake to Inovisi Infracom (Inovisi) for $30 million. In return Inovisi will sell telecom infrastructure services for Ozura World's mobile social platform Fonwar. The instant messaging software expands outside the United States, experienced exponential growth across developing countries such as Thailand, Indonesia, Philippines, India, South Africa and South Americas.
According to the company recent report, the Fonwar IM software has over 16 million users as of June and expected to double in next 12 months. Comparable to conventional Internet players such as Facebook 500 million users ($11.5 billion), Zynga ($2.6 billion) and Twitter ($1.4 billion) valuation according to SharesPost Report, the mobile Internet start up Ozura World's Fonwar (at 16 million users) is relatively small but not new to business. Despite the size, the company has over the last 2 years seen 30 million games and apps downloaded, 2 billion messaging messages exchanged, and close to 1.2 billion short messages (SMS) delivered.
“This is a strong statement of confidence in this partnership and in Ozura World,” Pak Jerry, president director of Inovisi Infracom, said during a conference call with reporters and analysts. "Partnership with Ozura World will enable the company to ride on the bullish mobile Internet phenomena which is perfect match with the company core products&services. It's just the beginning." Inovisi commented to the press.
On top of organic growth Inovisi is looking for more investment and acquisition opportunities in telecommunication and Internet space. The company is targeting over $120 million sales from mobile internet related business in next 2 years and could double by year 2013.
Based on domain registrar record, fonwar.com was started since year 2003 and having local presence in Asia such as Thailand and Indonesia in year 2006. The portal came with International localization where users can access mobile games, chat, share photos and files in local languages. Users can also connect to Facebook, MSN, Yahoo, Gmail and Friendster through mobile phone and the internet. The company is profitable and has no plan for IPO in the near term. The company indirectly competes with mobile messaging players such as Nimbuzz and Ebuddy, but does not compete with traditional MMORPG and advanced casual game players Notable indirect competitors of Shanda Interactive (China), EA Games or Blizzard Entertainment by focusing solely on mobile Internet space. Other indirect players crossing the line includes pure China play Tencent's QQ (Hong Kong listed), Japan Mixi and Gree (both Japan listed), as well as Internet players such as Facebook, MySpace and Zynga.
Detail of the Ozura World investment and terms were pending and not disclosed as of to date, and was expected to materialized before year end.
About Inovisi Infracom
PT Inovisi Infracom Tbk builds infrastructure and unload bandwidth for Telecommunication Industry to include basic solution from young telecommunication operators such as MVNO system, up to establish operators who need to boost and optimize VAS and improve ARPU, especially on mobile internet. The company engages in the development, management and sale of products and services that provide network infrastructure, which creates environment for accelerating the delivery of data and voice transactions, deployment of services and applications over a single Internet Protocol (IP) based network. The company offers three business solutions: Infrastructure, Managed Solution, and Service. The company has acquired experience from successful Telecommunications and Information Technology installations in many industries, which supports Voice over Internet Protocol (VoIP), IPTV, VPN networking, Satellite Communications and Wireless Communication networks. For further information, visit the company web site www.inovisi.com
About Ozura World
Ozura World is a leading international interactive entertainment media company specialize in mobile social network, mobile applications and wireless entertainment. The company distributes software and applications for mobile Internet devices such as cell phones, smart phones, wireless entertainment devices and tablets. The company also incubates and invests in startup technologies, as well as supporting information technology&social network companies. Ozura World has representative offices in 8 countries around the world. For further information, visit the company web site www.ozuraworld.com