News
Connect2Media buys RayFusion
Stuart O'Brien Sep 5 2008, 2:24pm
UK-based mobile content publisher starts rolling up the market with Israeli distributor.
Connect2Media is continuing its expansion with the acquisition of Israel-based mobile content distributor RayFusion.
RayFusion will continue to operate as a standalone entity with operational independence, says Connect2Media. It will also retain its name and corporate identity, with no changes to its personnel or operations.
Connect2Media says its support will enable RayFusion to refine the development of its ‘mobile content technology set’.
Connect 2 is backed by London-based venture capital firm Acuity Capital, and has also secured funding from Hands-On Mobile.
Eric Hobson, CEO of Connect2Media, said: "RayFusion have an impressive roster of titles and have shown exciting growth. We believe we can leverage our complementary strengths to boost the group’s 360 degree approach to digital media to encompass entertainment properties across multiple platforms.”
