Unified communications solutions developer MobileMax Technologies Ltd. (TASE:MBMX) has won its first order from Tango Networks Inc. of the US. Tango will buy MobileMax software for NIS 340,000 (about $80,000), one third of which will be paid immediately and the rest in two equal payments upon delivery.
Tango develops fixed mobile convergence solutions for enterprises and carriers. Its Abrazo is a hardware and software solution that connects mobile phones, through wireless networks, with any private branch exchange (PBX)- a private telephone network at a company.
MobileMax's patent-pending fixed-mobile convergence platform basically extends a company's communications to mobile devices. The company's CEO is Raanan Cohen.
MobileMax's share rose 21% at the opening on the TASE, but slipped back in early trading to a gain of 11.2% to NIS 0.19. The share has risen 93% since the beginning of the year.
Published by Globes [online], Israel business news - www.globes-online.com - on May 14, 2009
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