Jinny Reports Record Revenue Growth
Addition of new products enables strong growth in competitive markets
DUBLIN, 27 August 2010 - Jinny Software, a leading global supplier of messaging, call completion and media solutions to Mobile Network Operators (MNOs), today announced a record first half in 2010, posting its best ever revenue, EBITDA and order book figures. The company reported strong revenue progress and continues to deliver sound underlying performance both operationally and financially.
Having overcome tight market conditions in 2009, Jinny has doubled its turnover from the first half of 2009 to €8.6 million in the first half of 2010.
Against fierce competition, Jinny has broadened its customer presence in the Americas, Europe, Africa and the Middle East. The company’s total customer base increased to over 70 with more than 200 platforms installed in 60 countries worldwide. The number of subscribers interacting with Jinny platforms has grown to over 500 million.
This result was fuelled by the company’s strategy of investing in products, solutions, strategic partnerships, additional sales personnel and an overall improvement in the effectiveness of the company’s commercial operations.
During the first half of 2010, Jinny bolstered its already comprehensive Call Completion Solutions suite with the launch of its Call Router product, which has been designed to solve several problems facing MNOs, as well as to deliver a differentiating range of new and exciting, high-value features for operators and users, alike. In addition, Jinny launched a new mobile advertising solution, Ringback Tone Advertising, which provides mobile operators with a new way to generate revenue from mobile advertising.
“Jinny has delivered strong revenue growth during the first half of 2010,” stated Max Wilkie, Jinny’s CEO. “We see a robust demand for our messaging, call completion, media and mobile advertising solutions across our target markets. We are optimistic that this momentum will carry on into the remainder of 2010 and that Jinny will continue to deliver a strong performance in the second half of the year.”
Notes to Editors
About Jinny Software (www.jinnysoftware.com)
Jinny Software offers a comprehensive range of messaging, call and media and mobile advertising solutions. Our Messaging solutions drive increased efficiency in traffic management and enable the rapid introduction of secure, innovative and revenue-generating services. Our call and media solutions fully exploit the potential of call-related services, driving revenue opportunities through attractive subscriber services and increasing profitability of voice services. Jinny’s Mobile Advertising Solution enables both operators and advertising agencies to efficiently implement their critical mobile marketing and advertising strategies.
Implementation, project management, support and training is provided by Jinny’s service teams located in Brazil, Ireland, Kenya, UAE, Panama and Malaysia. Jinny Software operates from its headquarters in Dublin, Ireland and offices across the globe. Jinny Software is a wholly-owned subsidiary of the Acotel Group S.p.A, headquartered in Rome, Italy and traded on the Milan stock market (ACO.MI).
For further information please contact:
Jinny Software Ltd.,
29 North Anne Street,
Dublin 7, Ireland.
Tel: +353 1 887 2626
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