724 Solutions Inc. (OTC:SVNX)
Industry: Technology
724 Solutions Inc. (724 Solutions), incorporated in 1997, designs, develops, markets and supports software products for use by mobile network operators worldwide. The Company offers software products that enable Internet connectivity to mobile devices, such as mobile phones and handheld computing devices. 724 Solutions also offers software that helps to deliver text messaging, multimedia messaging, voice services and transactions to mobile network operators' end user customers using mobile phones and handheld computing devices. The Company continues to develop and expand its X-treme Mobility Suite of products for mobile network operators to assist them in their next-generation data services. Its X-treme Mobility Suite of products consists of X-treme Mobility Gateway, X-treme MMS Accelerator, X-treme Service Activity Manager, X-treme Alerts Platform and Multimedia Application Gateway products. X-treme Mobility Gateway The X-treme Mobility Gateway (XMG) is an open, secure, scalable and fault tolerant software product that is used in a mobile network operator's data network. XMG allows mobile device users to connect to a mobile network operator's data network. During the connection setup, XMG facilitates the user's login to the mobile network operator's network. Once a user is connected, the user can send requests for data services, such as mobile ringtones, from the user's mobile device. These requests are sent from the user's mobile device to XMG, and XMG forwards the request to the data service provider. The data service provider then sends the data as a response to XMG, which forwards it on to the appropriate user device. Sales of the Company's XMG product accounted for approximately 60% of the revenue from its XMS suite during the year ended December 31, 2005. X-treme MMS Accelerator The X-treme MMS Accelerator (XMA) is an open and standards-based software product used in a mobile network operator's data network. XMA delivers multimedia messages, such as picture messages, from a mobile network operator's network to a user's device. XMA is designed to deliver bulk multimedia messages that are time sensitive in a cost-efficient manner. X-treme Service Activity Manager The X-treme Service Activity Manager (XSAM) is a software product that is used in a mobile network operator's data network. XSAM allows mobile network operators to create reusable common business processes to allow third-party content providers to integrate into the mobile network operator's data network and provide content to mobile users. XSAM allows this process to be defined once by the mobile network operator, and then used by each third-party content provider interested in delivering ringtones or similar data content. XSAM also allows mobile network operators to string these business processes together to form a complete data service. X-treme Alerts Platform The Company's X-treme Alerts Platform (XAP) is a software product that allows mobile network operators to offer alerting services to mobile device users. XAP provides a mechanism to capture the user's content interests. XAP scans the content to determine if a user's content interest is matched. If matched, XAP formulates a message in a format specified by the user and then sends it to the mobile operator's delivery infrastructure for delivery to the user's mobile device. In addition, through mobile network operators, 724 Solutions delivers a series of actionable alerting solutions for their own use and for them to offer to their enterprise customers. These actionable alerting solutions include collections management, fraud management and account management notifications. These solutions involve notification channels, including short messaging services (SMS), multimedia messaging services (MMS), wireless application protocol (WAP) push, instant messaging, e-mail and voice. Multimedia Application Gateway Multimedia Application Gateway (AGW) is a software product that provides subscriber functionality to a mobile network operator's multimedia messaging services. AGW has
As Of: 10/07 00:00 ET
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