Global Micro-Billing Specialist Oxygen8 Communications Targets 60% Growth in the Next Two YearsBy Oxygen8 Communications, PRNE
Monday, April 19, 2010
Oxygen8 Sees Strong Global Demand for its Micro-Billing, Micropayments, Communications and Mobile Enablement Services, Combined With Knowledge of Local Market Regulations
BIRMINGHAM, England, April 20, 2010 - Oxygen8 Communications (www.oxygen8.com/) the global micro-billing
communications and mobile enablement specialist, has set a target of growing
60% in the next two years, building on its strong performance in 2009.
Turnover in the last six months of 2009 was 20% up on the previous year.
Whilst core markets such as the UK have seen an increase of 10%, emerging
markets, particularly in Africa, are seeing triple digit growth.
The rapid expansion of sites that demand micro-billing
(www.oxygen8.com/) and micropayments - such as social networking,
gaming and content; a global online consumer population increasingly
dominated by non credit card owners; and the need to attain a far more secure
approach to online purchasing have combined to make micropayments come of
Oxygen8's development as one of the global leaders in
micro-billing and micropayments has been boosted by acquisitions and
investments in 2009 especially in the Caribbean and Africa. Oxygen8 now has a
developed network offering premium domestic mobile and phone billing in over
110 countries - supported by international billing covering 200 countries.
Moving forward Oxygen8 is planning further acquisitions and investments to
strengthen its position.
Shane Leahy, Group CEO at Oxygen8 Communications, says, "There
is a growing recognition that to maximise opportunities in areas such as
gaming, social networking and content provision the industry needs to deliver
easy to use global micro-billing and micropayments. Indeed, in the UK it is
estimated that 16% of the adult population does not have a debit card, rising
to 38% for credit cards. And amongst the youth sector, the prime target for
many online services, those numbers are even higher. And while to date many
organisations have eschewed global micro-billing and micropayments options,
such as mobile voice and premium SMS, due to the significant charges placed
by the networks, the market has reached a tipping point: the opportunity now
outweighs the network cost."
Leahy continues, "Our customers, especially those that
generate their core business from the Web are increasingly looking for global
micro-billing and micropayments, however this is complex with local
variations in commercials, regulations and technology. The more control we
have of the billing functions the better service we can provide. That is why
apart from acquiring companies that can give us more global coverage we will
also be investing in partners. Our ambition is to increasingly own the
billing networks that we offer."
To help with the roll-out Oxygen8 is starting to sign up
Reseller agreements with technical businesses that can integrate global
micro-billing and micropayments solutions into their offerings and into
mobile and web-based social networking and content companies.
In addition, Oxygen8 has created a new division that provides
custom media development, bringing together the resources of two of its
subsidiaries, Melodi and Brainstorm. This means that the company can now
offer custom design of web and mobile sites fully optimised for Web, WAP and
Smart Phones, Iphone and Smart phone applications, Near Field Communications
and full Mobile Marketing services.
About Oxygen8 Communications
Oxygen8 Communications is a global micro-billing,
communications and mobile enablement specialist, delivering 'carrier-grade'
multimedia services which include voice, data, web, WAP, SMS, MMS and video.
As one of the largest privately-owned providers of voice and mobile services
in the world, Oxygen8 is unique in providing content, infrastructure,
billing, CRM and campaign management on a global scale, all through a single
Utilising the latest technology, Oxygen8 enables its clients
to develop new ways of interacting with their customers, whether locally or
across international markets, helping them to drive new revenue streams,
build brand awareness and increase customer loyalty. Oxygen8's innovative
communications solutions are helping businesses throughout the world to
reduce their cost base and streamline their processes.
The Oxygen8 management team draws on many years of experience and
expertise, having been at the forefront of the voice and mobile services
industry since its inception. Oxygen8 is fully compliant with the latest
industry regulations and standards, providing customers with complete
confidence that the company is leading the way in best practice for the
Headquartered in Birmingham, UK, Oxygen8 provides voice and
mobile services to infrastructure providers, media companies, and corporates.
Its clients include mobile networks, newspaper groups, radio and television
stations, major high street retailers, and banks. Oxygen8 currently operates
in the UK, Ireland, Australia, USA, South Africa and East Africa including
For further information, please contact: Nicola Miller/Kieran Kent The itpr Partnership t. +44(0)1932-57-88-00
For further information, please contact: Nicola Miller/Kieran Kent, The itpr Partnership, t. +44(0)1932-57-88-00
Tags: April 20, Birmingham, England, Oxygen8 Communications