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A small Indian technology firm is making a mark in the sparsely populated integrated Enterprise Mobile Messenger solutions space.
U&Me Plus, an enterprise communication application developed by U&Me, has just registered one million downloads of its messenger application, all paid subscriptions, in a span of six months.
The Hyderabad-based firm, with bases in Malaysia and the Gulf, is charging users $1-3 a month. “We integrate a variety of communication tools that you have in WhatsApp, Skype and Viber. We have 600 customers in India, Malaysia and the Gulf,” said Hamid Rashid, Chief Operating Officer of OM Technologies that owns U&me.
The company has now set its sights on expanding to other geographies. Immediately on the radar are Australia, New Zealand, the European Union and North America. For this, it has signed a deal with the Australian firm Private Equity Gateway Group.
The Australian firm has a window for picking up a stake in U&me in a timeframe of 12-36 months.
U&me, with annual revenues of about $3 million, is targeting the $10-million mark by the end of December. “We are targeting to have 1,000 customers in India this year,” U&Me Chief Executive Officer Srinivas said after signing the agreement with the Australian firm.
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