What I am reading:
4INFO CEO Zaw Thet is trying to shed the title, “King of SMS.”
The mobile advertising company dominates the US SMS market, delivering some 400 million text messages each month (its monthly rate has roughly doubled from early 2010)— but Thet is tired of his crown, or rather, he’s eyeing a different one. 4INFO is trying to position itself as the largest mobile advertiser, SMS and beyond, and the company is ready to acquire other players to get it there.
The first part of this (some might say overly ambitious) campaign is its acquisition of Butter, a company that specializes in creating customized mobile solutions and ad campaigns for the iPhone and Android platform. The all-stock deal, announced this Tuesday, is a modest takeover— a source believes Butter’s valuation didn’t break seven-figures— but it embodies 4INFO’s major shift in strategy. Thet discusses the value of Butter, his acquisition strategy, potential suitors, and why they’re on track to quintuple (possibly sextuple) revenues in the video ahead.
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