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Emap's consumer media department has acquired YoSpace, a technology firm which specialises in user-generated content.

The deal is worth £8.7m, with a further £5.7m payable based on performance targets. YoSpace's clients include O2, Vodafone, Orange and 3.

Emap Consumer Media CEO Paul Keenan says the acquisition gives Emap a powerful position in the moblie UGC market:

"Coupled with Emap’s marketing reach, brands, content and industry relationships, this acquisition will enable us to move forward in the fast emerging mobile user-generated and video content market.”

The YoSpace chief executive, Tim Sewell, and the chief technology officer, David Springall, will continue to lead the company at its base in Staines.

YoSpace reported a loss of £480,000 in its most recent financial results, for the year ending December 2005.

So, after five years of hype, is 2007 going to become the year of mobile? The jury remains out at this end...

Graham Charlton

Published 2 February, 2007 by Graham Charlton

Graham Charlton is the former Editor-in-Chief at Econsultancy. Follow him on Twitter or connect via Linkedin or Google+

2565 more posts from this author

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