[NEWS] nTels Announces Agreement to Acquire mobile game company ZIO Interactive

nTels Co., Ltd. today announced that it has agreed to buy out ZIO Interactive by acquiring 72% stake of ZIO Interactive.
The terminal application-related technology of ZIO Interactive will extend nTels’ vision for Unified S/W service platform from server solution to terminal application.
nTels, the technology and market leader in service infra of telecommunications business plans to be a real business enabler with the full core functions in the value chain of telecommunications from platform to terminal and contents.

Mr.Shim, CEO at nTels said, “ZIO Interactive’s game contents and service know-how will help nTels to provide differentiated contents and service to customers and also to become a new dominant player in mobile market.“

“We look forward to expanding the ability to sell our solutions to ZIO Interactive’s broad global customer bases. ZIO Interactive delivered game services to China Mobile and China Unicom in China, Verizon, Singular, and T-Mobile in USA, NTT Docomo, KDDI in Japan, etc.”

The global market of mobile game keeps growing since 2005, and the Beijing 2008 Olympic Games make China get attention as an emerging market in the world.
ZIO Interactive has rich development know-how and service experience in mobile game market. It published 8 mobile games through China Mobile and China Unicom in China, which generated publicity that it had been coping with dramatically expanding China market. In addition, ZIO Interactive will have chances to expand its presence in the fast growing global smart phone market with the enhancement of mobile broadband and network.

About nTels
nTels (KOSDAQ, 069410) is a leading OSS/BSS provider with product line including a full suite of convergent billing solutions, including billing mediation, rating, billing, service provisioning, customer care, and product lifecycle management. nTels solutions have been selcted by operators around the world, including SK Telecom (South Korea), PT Telkom (Indonesia), APTG (Taiwan), KT WiBro (South Korea), S-Telecom (Vietnam), and Helio (USA).

About ZIO Interactive
ZIO Interactive is a major mobile game company that has second to none game technology for PDA and smart phone, and famous for its games, ‘Speeding Instinct Sketcher’, ‘Major 2007’, etc. It published its first WinCE-based game for PDA (known as “Palm Golf”) in 1998 and has been providing game contents to Samsung, HP under a bundle contract.

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