Syntonic Continues Global Expansion with New Subsidiary in Brazil
Summary
SEATTLE--( BUSINESS WIRE )-- Syntonic , a mobile platform and services provider, today announced its expansion in South America with the formation of Syntonic Brazil, marking an important milestone as the company accelerates plans to serve wireless operators, content providers and consumers around the globe.Syntonic Brazil, based in São Paulo, finalized the asset purchase of the Zenvia Mobile Servicos Digitais business unit, acquiring its Mobile Commerce Platform that enables cross-carrier, direct-carrier-billing for online consumer purchases.“The acquisition of the Zenvia assets represents a significant advancement in Syntonic’s global expansion strategy, and enhances the value proposition of the Syntonic platform for mobile carriers, content providers and consumers in Brazil, and soon throughout South America,” said Gary Greenbaum, co-founder and CEO of Syntonic.“We believe the powerful and innovative combination of Zenvia’s Mobile Commerce Platform with the Syntonic Connected Services Platform presents mobile operators and content providers with a unique opportunity to better participate in, and monetize, the new app economy,” added Greenbaum.“Moreover, adding the new direct-carrier-billing service into our platform provides a simple and secure payment method that protects people from identity theft or fraud associated with other online financial transactions.”
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