MoMagic Technologies receives investment from FIH Mobile Ltd.
New Delhi, Nov 30th, 2015: MoMagic Technologies, a key player in the mobile Internet market, today announced that FIH Mobile Limited (“FIH”), a global technology company, has made an investment to acquire a 10% stake in MoMagic Technologies.
MoMagic wins the
“Fastest Growing Mobile Internet Company in India”award
New Delhi, October 27, 2015: The 9th NTA ICT World Communication Awards, 2015 held at India Habitat Center, New Delhi, India announced MoMagic Technologies as the “Fast Growing Mobile Internet Company in India”.
International Telecommunication Union (ITU) Geneva is highest UN elected body in the world to promote Telecom & IT and it’s indeed a privilege moment for India with Dr. Malcolm Johnson, Deputy Secretary General, International TelecommunicationUnion-ITU Geneva (UN Body),in person presenting the 9th NTA ICT World Communication Awards, 2015.
Speaking on the occasion, Prof. N K Goyal, President CMAI, said, “It is been a privilege for CMAI to award and recognize MoMagic Technologies as the ‘Fastest growing Mobile Internet Company in India. MoMagic, a MediaTek invested company, has shown tremendous growth and technological innovativeness in the space of Mobile Internet and Mobile Platform and this award is an inspiration to the team to reach further heights.”
Mr. Arun Gupta, CEO and Founder MoMagic Technologies, said, “Getting recognition and award as the Fastest Growing Mobile Internet Company in India at the 9th NTA ICT World Communication Awards, 2015is indeed a proud moment for MoMagic Technologies.”
Mr. Gupta further said, “It’s a recognition of ouraggressive growth and expansion strategy. We aspire to be amongst the top players in the Mobile Internet space in India and South East Asia by 2020 and play a defining role in the Digital India drive.”
About CMAI and 9thNTA ICT World CommunicationAwards:
CMAI, the National Apex Trade Promotion Association of India has been organizing NTA ICT World Communication Awards for the last eight years.Most significant is the fact that thisis the only ICT recognition platform show in the world which is supported by Government & various associations around the globe &represented by the Secretary General, International Telecommunication Union, Geneva (A UN Body).
MoMagic Technologies has said that it is aiming to add 12 million new users in fiscal year 2015-2016, as part of its smartphone database survey. As of now, it has reached 90 million users in India. The company said the complete userbase consists of 75 million feature phone and smartphone users reached through OEMs, 12 million smartphone users reached via OTA sources, and the rest 3 million smartphone users reached through offline sources.
Technologies, which works across all the widely used mobile platforms and in the area of mobile Internet services, offers innovative and analytically driven solutions to enterprises and ecommerce players who are targeting mobile as a key tool for connect with consumers for business and communication.
The 24/7 technologically and analytically driven services across all the 3 KEY channels (OEMs, Offline and OTA) of reach to the end customer, reveals certain key trends, for the Indian App Ecosystem, enlisted below for the period of January to August 2015 by the MoMagic business and analytics team.
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