Axel Technologies, a Turku, Finland-based developer of mobile TV software technologies, has partnered with Symbio, a provider of outsourced product development solutions, to accelerate R&D for its Fuugo(TM), the innovative TV application for mobile and portable devices, enabling its global market entry.
This strategic partnership is part of Axel Technologies’ latest investment round with existing investors Nexit Ventures and Finnish Industry Investment Ltd.
Fuugo(TM) is a TV application for personalising a content stream by blending content choices from broadcast TV, mobile TV, Internet videos and social media. Symbio’s mobile, Android and multimedia integration and global technical support expertise will free Axel to focus on innovative product development and grow the business.
Commenting on the partnership, Petri Kalske, CEO of Axel Technologies, said: “This is a great opportunity for Axel to accelerate our growth and focus on our global plans for Fuugo(TM).
“With Symbio’s experienced software specialists on board we can deliver new projects quicker and offer the best possible support to our existing customers.
“Fuugo has already gained a tremendous amount of global interest and with this partnership, we can proceed with our plans for a commercial launch later this year”, he added.
Axel Technologies operates sales support offices in Hong Kong, Taipei, Munich and Santa Clara, US.