Telstra invests in mobile apps

Telstra has made a US$18.3 million strategic investment in Kony Solutions, Inc, a leading US mobile and multichannel application platform provider.

Telstra Ventures Managing Director Mark Sherman said as well as taking a stake in the company, Telstra would offer Kony’s innovative pre-built applications and applications platform to business and enterprise customers.

Sherman said the move aligned to Telstra’s strategy of developing new growth businesses and builds capability in Telstra’s domestic mobiles portfolio.

Kony offers business and enterprise customers a library of pre-built mobile applications including the Kony Platform that enables customers to write their own applications and deploy them across multiple channels.

Telstra’s investment will enable Kony to further expand into the Asia-Pacific region, leverage its well-established customer channels, continue cloud product development and penetrate new global geographies.