Transcontinental Inc. acquires LIPSO, Canadian mobile provider
Wednesday, May 05, 2010
Press release from the issuing company
MONTREAL -- Transcontinental is pleased to announce the acquisition of Montreal-based LIPSO, a leading provider of integrated mobile solutions, including connectivity, transaction management (SMS, MMS, etc.) and applications development. As an enhancement to its marketing communications solutions in new media and digital platforms, this purchase adds a number of key services to Transcontinental's marketing communications offering, including cell phone bar code reading, mobile couponing in retail sales, and electronic ticketing in transportation and entertainment.
"Every day we work with our clients on the analysis, execution and deployment of their marketing strategies based on one-to-one marketing and new communication platforms," said Christian Trudeau, President of the Marketing Communications Sector, Transcontinental. "The LIPSO acquisition fits right in with this approach and makes it possible for us to create a unique centre of excellence for mobile marketing solutions. It also confirms our leading position in the delivery of marketing communications solutions."
Vivianne Gravel, President of LIPSO, added: "I'm very happy that our company is now part of a major corporation like Transcontinental, which will ramp up our development. This acquisition will keep ownership of LIPSO technology and its jobs in Canada. It's exciting news for LIPSO clients and employees."
Sophie Hennion, Chief Executive Officer of LIPSO, said: "This transaction will help LIPSO's growth in terms of both products and services development and business development, in a period of rocketing demand for mobile applications."
Details on the transaction price and information have not been released. As of today, the 30 LIPSO employees, Vivianne Gravel and Sophie Hennion join the approximately 850 employees in Transcontinental's Marketing Communications Sector.