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IDG Ventures Vietnam invests in mobile solutions services(Mobile Solution Services JSC)


IDG Ventures, the first American technology venture capital fund in Vietnam, is pleased to announce it has invested in Mobile Solutions Services (MSS). MSS is a provider of comprehensive mobile value-added services as well as a state-of-the-art mobile distribution system.

According to Nguyen Bao Hoang, Managing General Partner of IDG Ventures Vietnam, “We strongly believe MSS is well-positioned to take advantage of the rapidly growing user base of mobile users who are looking for advanced, value-added services. They have a terrific technology platform, an excellent team with world-class experience and the full support of T-Mobile International. We are are excited to be backing such a terrific team .”

Established in March 2006, MSS uses the latest German value-added services technology and proudly lists T-Mobile International as a strategic business partner, along with multiple telecommunication companies in Vietnam.

MSS is the first company to implement digital-rights management (DRM) for mobile value-added services in Vietnam. According to a representative from Vietnam Datacommunication Company (VDC), “We highly appreciate MSS’s business as MSS provides innovative technology for licensed products. Its commitment to copyright makes us excited and pleased to partner. We greatly encourage partnership with all enterprises who strictly follow copyright laws as does MSS.”

IDG Ventures Vietnam is continuing to execute its plan of backing the most promising companies that are well-positioned to be a market leader in the rapid economic growth of Vietnam. The Fund is pleased with the performance and quality of its investment activities so far and is appreciative of the support of the Vietnamese government and the cooperation of the Vietnamese business community. The Fund’s hardworking staff is proud to continue to support the entrepreneurs and company we invest in be a part of their future accomplishments and success.

About IDG Ventures

IDG Ventures is a global venture capital firm with more than $1 billion under management and a portfolio of over 125 companies built over the past 12 years. The fund pursues investment opportunities across a broad array of technology industry sectors including enterprise software, communications software, Internet enabling software, wireless technologies and services, IT-related technologies and services, media, and biotechnology. With offices in Boston, London, San Francisco, Seattle, and throughout China and Vietnam, the firm invests in early-stage companies, partnering with entrepreneurs to build category leaders. The firm’s limited partner, International Data Group (IDG), is the world’s largest IT media, research, and event company. Through this partnership, IDG Ventures can uniquely add value to its portfolio companies by facilitating revenue acceleration and global expansion and establishing relationships with key strategic partners. For more information, please visit http://www.idgvv.com.vn/en.

For further information, please contact:

Nguyen Que Anh
IDG Ventures Vietnam
84-4-220 0348 – Hanoi office
84-8-827 8888 – Hochiminh City office