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Follow on Google News | “Noqoush Mobile Media Group” raises its first round of fundingNoqoush Mobile Media Group, the leading Arab company specialized in mobile advertising and mobile media monetization, announced concluding its first 3 million dollar investment round.
By: Farah Alfayez The company stated that a group of Arab and Foreign angel investors invested in its technical capabilities and future visions aiming at developing a full-fledged mobile advertising platform and mobile media monetization solutions targeting the massive mobile growth in the Middle East In his comment, Dr. Ashraf Habib, Noqoush’s Chairman of the Board, praised the investors’ role in establishing the company and providing the needed liquidity, saying: “These investment will give the company a head start, helping it prove itself on the regional scene. We appreciate their confidence in Noqoush’s technical capabilities that enabled us to develop an integrated mobile advertising platform capable of triggering a leap in the mobile advertising and mobile media monetization world.” “The investment round was smooth and positive; taking a very short period of time, confirming our company’s success in offering what is new, innovative and original in the ICT sector.” He added. The investment round aims at providing the needed liquidity to enhance the company’s capabilities, boost its growth, and attract the required competences to meet the increasing demand on its mobile media solutions. Moreover, the investment will help Noqoush with developing its mobile advertising technology “AdFalcon” “With its targeting mechanism and diverse mobile ads, AdFalcon technology provides a great chance for advertisers, as it helps our partners maximize their profits and achieve satisfying results.” He added. Habib expected these investments to have a positive impact on the sector, saying: “I am confident that this move will help promote the mobile advertising sector, contributing to its growth.” Habib also confirmed Noqoush’s commitment to promoting the mobile advertising industry in the Middle East by working directly with publishers, developers and advertisers to keep pace with the huge number of mobile internet users. # # # Established in 2001, Javna is amongst the leading Jordanian companies specialized in software solutions and wireless applications. We offer messaging & wireless applications products, solutions and services to mobile operators. End
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