Mobile email and synchronisation company, Synchronica (AIM: SYNC) surprised investor’s by announcing that it had realised a gain of $3.75 million on the disposal of some assets in acquired with the purchase of Axis Mobile earlier this year. Synchronica acquired Axis Mobile primarily for its customer base, but also some of its technology which will be integrated into the Company’s next version of its Mobile Gateway product to be launched in “early 2009”.
Carsten Brinkschulte, CEO of Synchronica plc, said: 'This realisation of current assets is a very positive result from the acquisition. We are obviously pleased to have realised such a large sum, significantly strengthening our balance sheet. This transaction almost meets the costs of the acquisition while maintaining the upside of revenues from acquired customers and technology.'