Investment Thesis

• Maintain organic growth trajectory within existing client relationships
• Expand customer groups on the back of first-class capabilities and track record
• Lead innovation within core capabilities in close partnership with customers
• Further explore and develop future key areas of the product offering such as Mobical (personal information management) and Southend (gaming & design)

Main transformation Initiatives

• Diversify customer base to include additional tier 1 handset vendors, platform vendors, OEMs and technology providers by delivering superior mobile user experiences
• Further develop relationships to existing network operators addressing the challenge of establishing a direct service and delivery channel to end-users
• Reduce dependency on existing customers, revise pricing strategy and drive productification by leveraging the combination of unique world-class software engineers and designers available
• Establish a new organizational structure with a core management team and dedicated world-wide spanning sales and marketing focus
• Create and develop structures for financial steering and control setting the platform for continued success