MISSISSAUGA – Samsung Electronics is acquiring NewNet Communication Technologies (Canada), Inc., a company operating Rich Communications Services (RCS) business within NewNet Communication Technologies. Financial terms of the deal were not disclosed.
Previously known as NewPace prior to its acquisition by NewNet Communication Technologies, the company is a provider of RCS infrastructure and services.
As an end-to-end GSMA-compliant RCS solution, the acquisition will accelerate the deployment of RCS-enabled networks, providing consumers with a ubiquitous standards-based messaging and communications platform, reads Tuesday’s news release. The move will also enable Samsung to offer interoperable server solutions for mobile operators that do not already have their own RCS infrastructure.
Consumers will benefit from an advanced messaging experience with features such as enhanced calling, group chat, and the ability to easily share and transfer large files including multimedia and high-resolution photos. Unlike other messaging apps in the market, users will be able to communicate on any network, with an RCS-enabled device as well as SMS-only devices, continues the release.
Based in Halifax, NewNet Canada will continue to operate independently under the existing leadership of Brent Newsome and Gavin Murphy as a wholly owned subsidiary of Samsung Electronics Canada Inc.
