mblox - moconews.net

mBlox has raised $25 million to accelerate its new product roll-out and extend its global footprint. The equity investment was led by new investor Trident Capital and supported by existing mBlox investors including BA Venture Partners, Norwest Venture Partners, Novus Ventures and Avanti Capital Ltd.
mBlox plans to use the funds for acquisitions in Europe and Asia, infrastructure advancements, and global expansion of mBlox’s mobile transaction network services. mBlox also made a promise to “abstain from engaging in the provision or promotion of content�, apparently to reassure its clients that it would not become a competitor.
“mBlox provides message delivery and mobile billing services to businesses worldwide. As the only company to focus exclusively on providing a global mobile transaction network, mBlox has secured leadership in major markets including the United States and Europe, processing over 1bn mobile business transactions worth approximately $400M in 2005.�