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11 February 2009: mBlox, the world’s largest mobile transaction network, has announced that it successfully delivered over 2.5 billion application-to-person transactions in 2008, a growth of 30% year-on-year. mBlox cleared and settled for its customers, premium transactions with a retail value of approximately $500m, a strong result despite significant devaluation in major European currencies. mBlox accomplished key financial goals in 2008 despite the economic climate, clearly demonstrating the continued vitality of the market for mobile messaging-based services.
mBlox exceeded a number of its key performance indicators (KPIs), including mobile originated and terminated messages (MT). MT messaging growth accelerated in the second half of the year and in December 2008 the total volume of MT messages were up 40% compared to December 2007. Enterprise mobile messaging was responsible for a significant proportion of overall MT growth, as new and innovative uses were deployed.
From this position of strength, mBlox is prepared for its next phase of global growth in 2009 recently appointing Andrew Dark as its global Chief Executive Officer. Andrew will be responsible for driving mBlox’s growth through geographical expansion into major new markets and expanding mBlox’s scale and product range.
Experiencing strong organic growth, mBlox has today announced a new office in Italy, spearheaded by Edouard Marciano, to further Italian market growth and help further drive mBlox business growth in 2009. In 2008, mBlox expanded its Sunnyvale HQ facilities and the Global Network Operation Center in Singapore as well as investing $2 million in technology and operations.
“In 2008, mBlox averaged 79 mobile transactions every second across the globe. This represents enormous growth and success, despite the current economic turbulence,” said Andrew Bud, executive chairman, mBlox. “The growth in transactions in 2008 reflects the continued vitality in the market for mobile content. mBlox has established itself as the world’s leading transaction network and we have many opportunities before us, both in developing the global digital economy and in leading industry consolidation.”
For the second year running, mBlox has been shortlisted for a Global Mobile Award. This year, it has been shortlisted in conjunction with Myxer, for the Best Mobile Music or Video Service, which will be announced on 17th February at Mobile World Congress in Barcelona Spain. In 2008, it was shortlisted in the Best Mobile Messaging Service category for its Mobile Business: Financial Services.