HTC to acquire Abaxia for EUR 11 million

Taiwanese mobile phone maker HTC is acquiring 100 percent of French custom mobile software developer Abaxia for EUR 11 million. HTC stated that after the contract is signed between HTC France and Abaxia, it expects to make the payment at the end of June. HTC executive Peter Chou said that the purchase will deepen and broaden the group's development capabilities to allow it to innovate at an even faster pace. Grand Cathay Securities acted as adviser on the transaction price negotiated by the parties involved. Abaxia specialises in user interfaces for mobile operators. Orange is a client, as is Vodafone for its 360 service, writes ZDNet France. The user interfaces are built into the ROM of handsets operators order from manufacturers and sit on top of manufacturers' interfaces. The home screens generate revenues by sending users to operator services. Abaxia CEO Cedric Mangaud told ZDNet France in March that the company was selling 25,000 home screens per day. Its welcome screen is offered on 70 Orange handsets and 15 from Vodafone, he said. Over 23 million phones in 36 countries use Abaxia interfaces. The French company has 70 employees and its R&D activities are based in Belarus. It plans to target new markets such as netbooks, tablets and set-top boxes.


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