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Empower Interactive Group

Stage

Acquired | Acquired

About Empower Interactive Group

Empower Interactive provides messaging infrastructure software that is specifically designed for application driven messaging. Empower's focus is on the communications industry, including mobile operators, service providers, systems integrators and equipment manufacturers. Empower's high performance, robust and scalable solutions are the catalyst for the continued growth of messaging services, providing customers with new revenue streams and new sources of competitive differentiation.

Headquarters Location

United Kingdom

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Latest Empower Interactive Group News

eServGlobal Announces Acquisition of assets of Empower Interactive

Jan 8, 2015

Sydney, 23 February 2007 eServGlobal Limited today announced the acquisition of the assets of Empower Interactive Group Limited (EIG). eServGlobal Limited (ASX: ESV and LSE: ESG), a worldwide supplier of telecommunications Value Added Services solutions for Messaging and Charging, today announced the acquisition of the assets of Empower Interactive Group Limited (EIG). EIG supplied mobile messaging solutions to telecommunications operators around the world, its clients including 7 operators in one of the world’s largest Mobile Communications groups and also several major carriers in South East Asia. Products developed and supported by EIG included a Messaging Service and Delivery Platform which enables the delivery and charging of 3rd party content and applications via SMS and MMS; and a Message Storage & Retry system for SMS and MMS. Founded in 2000 and financed by Venture Capital, EIG did not reach profitability. It achieved audited turnover of ₤9,098,845 in the year to 31 December 2005 and a loss after tax and finance costs of ₤2,762,953. Contracted maintenance revenue in 2005 was above ₤900,000. Losses increased in 2006 and the company was placed into administration on 24 November, 2006. eServGlobal has paid ₤500,000 for the assets of EIG. These assets include intellectual property, source code, computer equipment, customer contracts and approximately ₤300,000 of current receivables. eServGlobal’s Executive Chairman and CEO, Mr Ian Buddery, said, “Empower has a product suite which is complementary to eServGlobal’s messaging offering and we share many important customers. However, they employed over 120 staff in the UK, a cost base inappropriate for the scale of their revenue. We expect to employ a small number of the former engineering staff but otherwise absorb the sales, product development and customer support activities into our existing organisation. We intend to further develop the products and support the customers. We expect that the cost of the acquisition to be fully recovered within one year and that the products and services acquired will produce ongoing profit and positive cashflow.” About eServGlobal eServGlobal (LSE: ESG & ASX: ESV) solutions enables Service Providers to maximize today’s proven revenue streams whilst ensuring service continuity and new revenue opportunities when evolving to next generation networks. Over 75 of the world’s leading telco’s are taking advantage of eServGlobal’s advanced solutions and expertise to successfully address their business challenges and to manage over 120 million mobile subscribers. As a global solutions provider, eServGlobal helps Carriers and Service Providers by providing turnkey solutions and enabling Multimedia Intelligent Services built on a network- independent, open and real-time architecture. All products are designed for fixed, mobile and NGN/IMS infrastructure: ChargingMax (Prepay to Convergent Charging), Top UP Suite (Voucher to E-Retailer Management), M@ilis (SMS Call Notify to Voice&Video Mail), MessageMax (from SMS Direct Routing to SMS Anti- Fraud), Mobility Suite (Location-based & Presence Services) and INMax (VPN, Number Portability, Service Numbers, etc). More information can be found at: www.eservglobal.com Ian Buddery

Empower Interactive Group Frequently Asked Questions (FAQ)

  • What is Empower Interactive Group's latest funding round?

    Empower Interactive Group's latest funding round is Acquired.

  • Who are the investors of Empower Interactive Group?

    Investors of Empower Interactive Group include eServGlobal, Argo Global Capital and Acacia Capital Partners.

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