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Geodesic Focuses on Singapore as its Next Strategic Market - Mundu TV surpassed 500,000 users in first 90 days as the top apple application (BSE: 503699, NSE: GEODESIC)
Geodesic Focuses on Singapore as its Next Strategic Market

 

NewswireToday - /newswire/ - Singapore, Singapore, 2011/01/20 - Mundu TV surpassed 500,000 users in first 90 days as the top apple application (BSE: 503699, NSE: GEODESIC).

   
 
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Geodesic Limited, an innovator of award-winning mobile and desktop information, communication and entertainment solutions, today announced that Singapore is its next primary market for development in the Asia-Pacific (APAC) region.

“We have ambitious plans to expand our footprint in the APAC region, and we have set our sight on Singapore as an early adopter of new technologies and a major regional hub,” said Arvind Venkateswaran, Senior Vice President of Worldwide Business Development and GM for the Mobile Wireless business at Geodesic. “Our mobile- and desktop-based products – Mundu TV, Mundu Radio, and Mundu IM – have already developed traction in Asia – especially in India, South Korea and Taiwan. They are now available in Singapore through app stores including Apple, Nokia (Ovi) and Android.”

Mundu TV, a content-delivery service which provides live and archived television streaming from top content providers around the world, surpassed 500,000 users across multiple platforms and networks in the first 90 days of its release. Recently, it was the leading application in the Entertainment category in India’s Apple App Store, as well as the second most downloaded free-of-charge application there – and continues to score high in the weekly ratings. Currently, Mundu TV supports the Apple, Android, Nokia, Windows Mobile PPC and Blackberry platforms.

“There is an obvious opportunity to reach out and present our mobile solutions to smartphone and tablet users in Singapore, as there is a high concentration of consumers here seeking secure, scalable and high-quality delivery of news, entertainment and lifestyle content. Mundu TV is especially suited for the iPad and other tablets given their larger viewing screens, and people can choose only the channels they want to watch with live television content, independent of their service providers – wherever, whenever they are on the move,” Venkateswaran added.

According to research firm, IDC, shipments of media tablet PCs in the APAC region excluding Japan (APEJ) will increase to 9.6 million units in 2014 from about 1.3 million units in 2009, recording a compound annual growth rate (CAGR) of 65 per cent. Amongst the APEJ countries, Australia, Hong Kong, and Singapore are the prime media-tablets markets. iPad sales are forecast to hit 400,000 units in Singapore in 2011.

About Geodesic Limited
Geodesic Limited is an innovator in software products focused on Information, Communication and Entertainment (ICE) for mobile phones and desktop computers. Headquartered in Mumbai, India, Geodesic’s Mundu suite of products includes solutions for Instant Messaging, Mobile Voice-over-IP (VoIP) and Internet Radio. Since its inception in 1999, the Mundu Interoperable Instant Messenger has been used by several hundred thousand users on the mobile phone and over 5 million users on the desktop. Geodesic is listed in the National Stock Exchange and the Bombay Stock Exchange in India. It has offices in Mumbai and Bangalore in India, and in the USA, UK, UAE, Hong Kong, Mauritius and Uruguay.

Media Contact:
Navita Sharma, Corporate Communications Head Geodesic Limited
T: +91 22 407 86038 or +91 981 985 2039 / E: navita.sharma[.]geodesic.com.

 
 
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Written by / Agency / Source: Asia-Pacific Connections Pte Ltd

 
 

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Geodesic Focuses on Singapore as its Next Strategic Market

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Publisher Contact: Rodaline Davila - APConnections.com 
+65-6334-9045 rodaline[.]apconnections.com
 
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