Synchronica expands footprint in the Middle East

25th Jul 2011 14:38

Shares of Synchronica surged 8% after the mobile messaging solutions provider said it has received an expansion order from an existing Middle East-based mobile operator customer, the third order from the region in seven months.Synchronica said the order for additional Mobile Gateway user licences with a value of $740,000."This is the second significant expansion order to come from the Middle East this year, and provides a resounding validation of Synchronica's success in the region," chief executive Carsten Brinkschulte said.Shares of the company, which have lost about half of its value since the beginning of this year, were trading 5.7% higher at 17.05p in London.AR