SHAPE Services Acquires Warelex in 2.4 million USD deal

Acquisition expands portfolio with cutting edge Mobiola(R) products and powers
revolutionary mobile video broadcasting and social networking service.

BOSTON and STUTTGART, Germany, May 8 /PRNewswire/ -- SHAPE Services GmbH
today announced that it has signed an agreement to acquire Warelex LLC, a
leading developer of multimedia applications and technologies for mobile
devices. By uniting the strengths and resources of SHAPE Services and Warelex
the integrated company with team of 75+ highly-qualified and talented people,
offices in USA, Europe and Asia will bring new unique mobile Video IM, social
networking and multimedia applications and services. Both fast growing and
profitable the companies share complimentary product portfolios, common
strategy and focus for delivering new functionality and capabilities to mobile
users.
Combining multimedia and audio-video streaming technologies developed by
Warelex and SHAPE's expertise in creating bestselling instant messaging, LBS
and remote access applications, the acquisition sets the stage for improving
existing and creating new advanced products which incorporate VoIP, video
conferencing, instant messaging and social networking to dramatically change
usability of modern mobile devices.
"We are glad to become a part of the industry leader, thus strengthen its
bestselling existing and future products with our technical know-how and add
our products to SHAPE's portfolio where these products will get greater market
visibility and penetration," said Dennis Bolgov, founder and CEO of Warelex.
"The cumulative effect from the acquisition of Warelex is huge. Its multimedia
technologies and expertise in video and audio streaming, which goes beyond
competition, will allow us to release new products and services, including end
of 2008 release of revolutionary mobile real-time broadcasting and social
networking service," said Igor Berezovsky, SHAPE Services' CEO.
Warelex LLC, is a mobile application development company, since 2002 has
been successfully expanding Mobiola product line of unique multimedia
applications for mobile devices and providing professional services creating
VoIP, speech recognition, multimodal interfaces, mobile security and
multimedia services and solutions. For more information, please visit:
www.warelex.com
SHAPE Services GmbH, is a leading mobile application developer, creator of
such world-wide bestsellers as IM+, IM+ for Skype, RDM+, GPSed and Mobiscope.
Its technologies and applications allow mobile users to stay always connected
to their favorite services, peers and computers. Every day, private and
corporate customers worldwide use innovative applications and services created
by SHAPE Services on variety of mobile devices and platforms, such as
BlackBerry, Symbian S60 and UIQ, Windows Mobile Pocket PC and Smartphone,
J2ME, i-Mode, Palm OS, BREW, iPhone, iPod Touch. For more information, please
visit: www.shapeservices.com
For PR issues and media requests, please contact us at
pr@shapeservices.com
IM+ and Mobiola are registered trademarks of SHAPE Services and Warelex
respectively. All other trademarks are the property of their respective
owners.
SOURCE SHAPE Services GmbH

Igor Berezovsky of SHAPE Services GmbH, +49-711-4687880, pr@shapeservices.com