Description
Tanla Solutions is focused on providing vertical market solutions enabling mobile payments, advertising and entertainment services.
The global market for mobile content services is expected to grow to $35 billion per year by the year 2012 according to research firm Informa Telecoms. Additionally the Mobile Advertising and Mobile Payments market will fuel mobile commerce and create a huge revenue opportunity for Tanla Solutions.
We are satisfied with our Q 3 results and are happy to notice a further increase in our market share for premium aggregation services and mobile applications. We have added new accounts this quarter and are experiencing a strong demand for our services from different vertical markets".
The mobile sector is entering into a new and interesting phase of market growth and Tanla Solutions is actively contributing to and benefiting from this market expansion. There are three important factors which will continue to fuel growth in this sector.
Firstly, the introduction of high bandwidth mobile internet services, 3G and multimedia handset capabilities in developed European and American markets is encouraging global brands to launch mobile internet portals and services leading to increased commerce transactions and the consumption of richer content formats and media on handsets.
Secondly, the continued subscriber growth in developing Asian, African and Latin American Markets is propping the demand for telecommunication infrastructure, mobile content and applications.
Finally, the convergence of digital media, the internet and mobile is creating an enormous opportunity for companies to develop completely new business models, channels and services. It has become imperative for brands to have a mobile web presence and develop a mobile communications strategy.
Tanla further expanded its senior management team by recruiting high profile senior executives including new Head of HR, VP-Business Development for Asia Pacific, Middle East, SAARC regions and VP Mobile Internet Services.
We have signed business agreements with Airtel, BSNL, Idea, Reliance and Vodafone. Tanla will be focusing on benefiting from the increasing demand for value added services in India and other developing Asian markets.
Tanla Solutions experienced increased interest in its new mobile payments service "Payforit" which operates in partnership with all UK Mobile Operators including 3, O2, Orange, Vodafone, Virgin Media and T-Mobile. Tanla Solutions has also signed agreements with mobile messaging and payments partners in Spain and South Africa as part of its global geographical expansion plan.
Tanla had the proud distinction of touching USD 1 B Market Capitalization figure during Q3.Also; Tanla was awarded the Deloitte Fast 50 award and named as the sixth fastest growing company in India as part of the Deloitte survey. The company was also acknowledged by The Economic Times as the second fastest growing small company.
I wish to thank our customers and investors for their continued support in helping us achieve excellent results and grow our business globally. We are committed to providing end-to-end telecommunication solutions across different market sectors and geographies enabling our customers make most of the opportunity created by the digital convergence of telecommunications, media and IT services.
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