Intellisync Announces Record Quarter, Aquires Verichat

Posted By: Ryan Wednesday, August 31, 2005 10:46:36 AM

Intellisync today announced record financial results for the fourth quarter. The company also announced it has acquired PDAapps, makers of the popular instant messaging application, Verichat.

Intellisync's total revenue for the fourth quarter 2005 was $15.7 million, representing an 18 percent increase over the same period last year. Total revenue for the fiscal year ended July 31, 2005 was $59.5 million, a 41 percent increase as compared to $42.3 million for fiscal 2004.

Verichat IM for Palm OSBased on the Company's estimates, Intellisync became the second-largest provider of wireless push email in the world with 12 percent market share, second only to Research In Motion.

Verichat
The company also announced they have acquired PDAapps, makers of VeriChat, the mobile instant messaging solution for all Palm OS devices, Pocket PC devices, Symbian devices and RIM Blackberry devices.

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the secret to success!

Ronin @ 8/31/2005 3:27:25 PM # Q
Subscription services. The gift that keeps on giving.

Nice product but the annual fees are amazing. The annual fee for VeriChat is killer right now, I hope that this acquistion does not mean that Verichat will be priced out of the consumer market.

In the Spirit of Umoja,
Ronin

RE: the secret to success!
joad @ 9/1/2005 1:50:44 AM # Q
At $30 or $40 bucks a year, isn't it ALREADY "priced out of the consumer market"?

At that price, I think they've been aiming for Enterprise, which may be why they had to sell out. It's a great little program, but most people (myself included) aren't into dropping $30 a year for an upscale IM program, especially when there are many decent freeware and a few "purchase once" programs.

If they want to stick with a "subscription" model, make it $10 bucks a year and they'll probably get me to cough up the money as it was fun the rare moments I used it. Bundle it with Intellisync or some other app. Or strip out all the "bots" and just sell me the basic multiple IM ability with their great interface.

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