Afaqs: MobileOne Infocom, the mobile application development company is soon to make its presence felt in Latin America and West Asia.
MobileOne managing director Ravi Subramanyam says, “Expanding in these markets is as an immediate priority and into North America and Europe next year.” He further adds, “The Company plans to raise $2 million by way of equity dilution to fund the expansion.”
The company is presently in talks with prospective investors to fund the expansion capex. “We are in discussions with investors. Exit options are either an IPO in 2013 or being acquired by a larger company in a related domain,” Subramanyam said.
He also adds, “MobileOne is open to being acquired by a larger player in the mobile applications business. The acquiring company should share our vision of growth and let us be part of the same via a cash plus stock deal.”