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WirelessDevNet.com Press Release
MacroSolve Seeks Synergistic Acquisitions in Mobile Business Technology
Tulsa, OK - In a move to further fortify its product portfolio and marketing capabilities, MacroSolve, Inc., (OTCBB:MCVE), parent company of Anyware Mobile Solutions, announced today it is actively seeking acquisition candidates in the B2B mobility space. Acquisition targets include: mobile application and platform providers; regional mobile business solutions providers that serve small to medium sized businesses; and Web 2.0 firms complementary to the upcoming launch of MacroSolve’s online mobility marketplace.
The company will adhere to strict acquisition guidelines mandating accretive acquisitions for stock with pay out periods and retention of key personnel.
“We are seeing a lot of smaller companies in the mobile business solutions market that have great technology, human resources, and increasing revenues, but in today’s challenging fundraising environment they have a diminishing ability to grow and serve the marketplace. We believe we can offer a great opportunity for select best-of-breed mobility providers to join MacroSolve and benefit from our organization, our efficiencies, and our status as a public company,” stated Clint Parr, MacroSolve president and CEO.
To date, MacroSolve’s revenue growth has been driven exclusively by internal organic growth with increasing demand from new customers and current customers. For the six month period ended June 30, 2008, MacroSolve’s revenues rose 43% or $528,180 to $1,761,939 from $1,233,759 in the first six months of 2007. The business mobility market is currently estimated at $104 billion and is projected to grow at 12% CAGR through 2012.
About MacroSolve
Through its Anyware Mobile Solutions Division, MacroSolve, Inc. is a leading provider of mobile data and mobile video business solutions. With expansive wireless industry relationships, intellectual property and proven success in enabling mobility, MacroSolve pursues innovative strategies to help businesses gain bottom-line benefits and competitive advantage through mobility. MacroSolve also assists third party application companies in mobilizing their products and marketing them to businesses. For more information, visit www.macrosolve.com or call 800-401-8740.
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