Vodafone snaps up Danish IT firm Zyb for EUR 31.5m  

2008.05.19
Vodaphone acquires the privately-owned Danish fledgling firm, which operates a mobile phone data back-up and social networking service
The privately-owned Danish fledgling IT firm Zyb, founded just three years ago, has been snapped up by British telecom giant Vodafone for EUR 31.5m (USD 48.8m) in a cash deal. The news is reported in a press release on Vodafone's website.
 
Zyb operates an online management tool which enables mobile phone users to back up important data such as contacts, calendar and messages on the net as a security measure against loss or theft. Zyb also operates a Facebook-style social networking service designed with the mobile device at the centre.
 
Zyb says on its website that nearly 17 million mobile phone contacts are currently stored online.
 
Vodafone's internet services director Pieter Knook says in the press release: “Vodafone understands that the core of any customer’s personal and business network is the set of contacts they hold on their mobile phone. Using a web portal as a link between the PC and the mobile device, Zyb provides an interactive way for people to nurture, contact and develop their relationships with their most important friends and colleagues."
 
Tommy Ahlers, CEO of Zyb, responds: “By joining a company with Vodafone’s global reach, Zyb has more opportunities to bring to the mobile a further advance to the rich and interactive communications experience which people already recognise via the internet on their PC.”
 
According to the press release, Zyb will remain based in Denmark and become a part of Vodafone's Internet Services Division. Zyb was founded in 2005 by three Copenhagen based entrepreneurs: Tommy Ahlers, Ole Kristensen and Morten Lund. The firm is based in Greve, south of Copenhagen.
 
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