Staff Reporters
Jul 19, 2011

Aegis acquires stake in mobile tech firm

ASIA-PACIFIC - Aegis Group has acquired a minority stake in TigerSpike, a provider of mobile technology solutions, for US$11 million.

TigerSpike managing director Alex Burke
TigerSpike managing director Alex Burke

The investment is intended to provide Aegis with continued access to multi-platform mobile technology solutions.

TigerSpike owns a proprietary cloud-based software service delivery platform, Phoenix, which enables clients to deploy content and services across personal media devices. Its clients include The Daily Telegraph, The Economist, Pepsi and Diageo.

Currently, TigerSpike has four offices in Australia, London and the US, and assets worth US$3.6 million. It plans to expand in Asia-Pacific by establishing a Singapore office. As part of the agreement, TigerSpike will leverage Aegis' global network to aid its own expansion in the region.

TigerSpike Asia-Pacific managing director Alex Burke said, "The investment is a significant milestone in TigerSpike's history as it will enable us to achieve our growth plans outside of Australia and further our product development arm."

Aegis chief executive Jerry Buhlmann said that the group's investment was a strategic move focused on securing innovative solutions for its clients.

Source:
Campaign Asia

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