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Volas Entertainment signs deal with Logia Group Ltd (Logia)

By Amarendra Bhushan for CEOWORLD Magazine Updated:November 6, 2007

Logia Group Invests in Volas
Logia Group to take up 50% stake in Volas and extend Volas’ sales and marketing capabilities and introduce new revenue streams from Logia’s current operationsVolas Entertainment Ltd, the value added managed mobile services provider, today announces that Logia Group Ltd (Logia), a leading provider of mobile and Internet technology solutions, management & services will take up 50% stake in Volas with immediate effect.This strategic investment will strengthen Volas’ sales & marketing teams, provide a strong financial backing, reduce operational costs and introduce new business & revenues from Logia’s current operations.

In addition, the deal will provide Logia Group with Volas’s mobile service & delivery platform and access to Volas’ customer base and European network of operator clients. As a result, the deal will accelerate Logia’s mobile & Internet service expansion in Europe, as its prime target market.Volas provides content aggregation, value-added managed services, “On & Off deck” solutions, mobile billing solutions and transcoding for content providers, handset distributors and manufactures, mobile portals and wireless operators across North America, Europe and the Middle East. The business enjoys long-term relationships with major operators and service providers including Vodafone, Accenture, Optimus Portugal, Lancio Entertainment and others.

About Volas Entertainment Ltd.:
Volas provides content aggregation, value-added managed services “On & Off deck” solutions, mobile billing, video streaming and transcoding for content providers, handset distributors and manufactures, mobile portals and wireless operators.

Our best-in-breed technology, services and 24/7 support – combined with affordable pricing – put us at the top of a growing trend toward outsourcing solutions.

Volas is a white label company – your customers will see your identity, look and feel, while enjoying an interactive experience powered by Volas’ state-of-the-art technology. Our proven products and attentive service attract clients like Vodafone, Lancio Entertainment, Optimus Telecom, Accenture and others.

Founded in 2004, Volas Entertainment is located in Herzliah, Israel, and has a growing customer base in Europe, North America and the Middle East.
For more information, please visit our site: www.VolasEnt.com

About Logia Group Ltd.
Logia is a leading global provider of innovative mobile content solutions. Led by a team of media experts with decades of content experience, Logia offers a range of modular and end-to-end solutions that meets the evolving needs of mobile service providers and their subscribers worldwide. By greatly enhancing the user experience, Logia solutions enable operators and ISPs to increase ARPU, reduce customer churn and enhance profitability.

Founded in 2004 as the outsourced content supplier and manager for Israel’s leading mobile operator, Logia offers products in three revenue-generating domains – music, games, sports, personalized services and mobile applications. Understanding that content itself is just one part of the overall package required by service providers, Logia also offers an end-to-end content management service solution. From an advanced technology platform and a range of interfaces to marketing and content consulting, the comprehensive solution helps providers deliver, manage and operate their content efficiently and effectively.

Leveraging its growing global presence, proven content experience and data analysis expertise, Logia is a one-stop-shop for mobile service providers looking to boost their bottom line.

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