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Funambol and Mahindra Comviva Partner to Accelerate the Growth of Personal Clouds

Funambol and Mahindra Comviva Partner to Accelerate the Growth of Personal 
Clouds 
Service Providers Get Best of Both Worlds -- the Market Leading
Personal Cloud Deployed by the Global Leader in Mobile VAS 
FOSTER CITY, CA, and NEW DELHI, INDIA -- (Marketwire) -- 02/25/13 -- 
Funambol, the leader of white-label personal clouds, and Mahindra
Comviva, the global leader in providing mobile financial and VAS
solutions, today announced a partnership to help mobile service
providers get to market quickly with personal cloud services. Through
this association, Funambol will provide its award winning solution
that enables service providers to deploy a self-branded digital
lifestyle personal cloud. Mahindra Comviva will leverage its wide
product portfolio and extensive geographic presence to create and
deliver personal cloud solutions, leveraging Funambol technology that
meets the unique needs of customers in its markets. It has been
estimated that the global personal cloud market will grow from $6.6
billion in 2013 to $43.5 billion in 2018, representing a compound
annual growth rate (CAGR) of 45.61% from 2013 to 2018. 
"The increase in Mobile Internet users in the emerging markets and
consumption of digital content, but without a similar growth in PC
and computer infrastructure, has accelerated the need for personal
cloud solutions. Mahindra Comviva is extending its award winning
WebAxn solution to include personal cloud services with this
partnership," said Arun Tanksali, Chief Technology Officer, Mahindra
Comviva. "We are pleased to partner with Funambol and continue our
commitment to bring innovative solutions to service providers
worldwide." 
The Funambol-Mahindra Comviva partnership is another indication that
the market for service provider personal clouds is red hot, as many
providers have recently decided to offer their own branded personal
cloud. A recent Gartner report recommended that service providers go
to market quickly because the cost of getting users to switch
personal clouds is very high. This partnership further accelerates
time to market by leveraging the extensive cloud domain expertise of
both companies to eliminate barriers. This partnership has already
seen success with Mahindra Comviva signing up to provide a leading
mobile operator with its own branded service.  
"The market for self-branded personal clouds has reached a tipping
point globally," said Amit Chawla, Funambol CEO. "We look forward to
working with Mahindra Comviva to help mobile service providers get to
market quickly with their own branded personal cloud service." 
About Funambol
 Funambol is the leader of white-label digital
lifestyle personal cloud solutions. Funambol solutions have been
deployed by leading mobile providers, including operators, device
manufacturers (OEMs), internet firms, content companies and system
integrators. Visit http://www.funambol.com for more information. 
About Mahindra Comviva 
 Mahindra Comviva is the global leader in
providing mobile financial and VAS solutions. It's a subsidiary of
Tech Mahindra and part of the $15.9B Mahindra Group. With an
extensive portfolio of solutions spanning mobile finance, content,
infotainment, messaging, mobile data and managed VAS services,
Mahindra Comviva enables service providers to enhance customer
experience, rationalize costs and accelerate revenue growth. Its
solutions are deployed by over 130 mobile service providers and
financial institutions in over 90 countries and enrich the lives of
over a billion people globally. For more information, please visit
www.mahindracomviva.com. 
Media Contact
Lynda Starr 
Vantage Communications 
+ 1 973 386 5949
lstarr@pr-vantage.com 
Sundeep Mehta 
Global PR & Corporate Communications 
+91-9910030732 
pr@mahindracomviva.com 
 
 
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