Geodesic Announces Acquisition of Interactive Networks Inc.

Acquisition Expands Geodesic`s Mobile VAS Offering Further Enhancing Appeal with
Mobile Carriers and Handset Vendors

SANTA CLARA, Calif.--(Business Wire)--
Today Geodesic Limited (BSE: 503699) (NSE: GEODESIC), a leading provider of
award-winning mobile and desktop communication and entertainment solutions,
including instant messaging, VoIP, SMS over IP, Internet radio and video,
announced that it has acquired Interactive Networks Inc., a South America-based
software provider of advanced instant messaging and value added solutions. The
acquisition expands Geodesic`s global footprint beyond India, Europe, Asia and
the U.S. and into South America and Africa. Under terms of the agreement,
Interactive Networks becomes a wholly-owned subsidiary of Geodesic.

Interactive Networks specializes in providing comprehensive messaging and
collaboration solutions to enterprises and mobile operators. Using Interactive
Networks` IM platform, operators can offer PC and Web IM clients to both
subscribers and non-subscribers, enabling two-way conversations with any mobile
phone on their network through SMS and MMS (multi-media messaging) services.
This flexible IM platform provides mobile subscribers with a comprehensive IM
experience, including the ability to send and receive PC-cell and cell-PC text
messages, voice clips, photos and more, while carriers gain increased customer
loyalty and SMS traffic through the creation of a closely-linked user community.
Interactive Networks can now expand its suite of product offering to
telecommunications carriers by including the Geodesic suite of entertainment and
communication products as part of their portfolio. Interactive Networks has
implemented its solution with 12 major carriers across South America, Africa and
Asia.

The combined offering of Geodesic`s award-winning Mundu IM suite with
Interactive Networks` advanced IM solutions enables Geodesic to:

* expand beyond the retail and consumer markets in order to make further inroads
into the mobile carrier and enterprise markets
* offer certified IM solutions that specifically support mobile carriers` and
handset vendors` needs
* provide carriers and handset vendors with a broader product portfolio all
under one roof

"The acquisition reflects Geodesic`s commitment to providing the most innovative
Web and mobile value added services that help our customers to boost revenues
and ARPU," commented Arvind Venkateswaran, Geodesic`s senior vice president and
general manager for its wireless business. "Through this transaction, Geodesic
also acquired Interactive Networks` development team, a group that brings
extensive mobile VAS experience and that will help us to further serve our
expanding global customer base."

According to Pablo Salomon, CEO of Interactive Networks, "Geodesic is an ideal
company to join forces with. We share a similar vision of providing the most
cutting-edge mobile services that support the rapidly growing market demand for
mobile IM and mobile-based social networking services."

Revenue from mobile social networking and user-generated content is forecasted
to grow to $70 billion in 2012. The inherent need to stay connected to the
growing social networking generation has been a catalyst for a growing number of
mobile handset manufacturers from Asia and Europe to bundle Geodesic`s Mundu
products as part of their shipment and service.

"From the onset we recognized that Interactive Networks had a winning
combination of people, technology and market opportunity. We`re delighted that
Geodesic also identified the market potential of Interactive Networks` advanced
instant messaging products. We are very pleased to see one our portfolio
companies join forces with a market leader like Geodesic," said Pablo Brenner,
Partner of Prosperitas Capital Partners, the venture capital firm that initially
funded Interactive Networks.

About Interactive Networks, Inc.

Based in Montevideo, Uruguay, Interactive Networks has been developing and
selling innovative instant messaging solutions since 1999. The company
specializes on secure private instant messaging solutions for enterprises,
private label IM solutions for internet services and IM solutions for mobile
operators.

About Geodesic Limited

Geodesic is an innovator in software products focused on Information,
Communication and Entertainment for mobile phones and desktop computers.
Headquartered in Mumbai, India, Geodesic's Mundu suite of award-winning products
includes solutions for Instant Messaging, Voice-over-IP and Internet Radio. The
company is listed on the National Stock Exchange and Bombay Stock Exchange in
India. Geodesic has offices in Mumbai and Bangalore in India, USA (Silicon
Valley), UK, Sweden, Mauritius, Germany and Hong Kong.

Geodesic Limited
Navita Sharma, 022 40786038/ 9819852039
Corporate Communications Manager
Navita.sharma@geodesic.com
or
Ignite PR
Carmen Hughes, +1-650-592-1768
Cell: +1-650-576-6444
Carmen@ignitepr.com

Copyright Business Wire 2009