NeuStar, Inc., a provider of essential communications services to the global communications and Internet industry, announced today that it has acquired Followap, Inc., a UK-based leading provider of mobile instant messaging (IM) products in Europe and Asia, for approximately $139 million in cash.
NeuStar projects Followap revenue to exceed $25 million in 2007 and to more than double in 2008. NeuStar affirmed the 2006 full-year guidance issued on November 2, 2006, and confirmed that the acquisition of Followap did not impact its 2006 guidance.
By NeuStar
Posted December 28th, 2006 by Nymphadora
