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Connect2Media Buys Israeli-based RayFusion

London-based Connect2Media, a publisher of mobile content, which just merged with the European operations of Hands-On, said it has acquired RayFusion, an Israeli-based mobile content distributor. Terms of the deal were not disclosed. The acquisition will enable RayFusion to expand its distribution to include carrier accounts in Europe, the Middle East, Asia and Latin America, Connect2Media said in a release today. RayFusion will operate as a standalone entity with operational independence from Connect2Media. It will retain its name and corporate identity and there will be no changes to its personnel or operations. However Connect2Media will help strengthen RayFusion by assisting in developing new mobile content technology. Release.

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Sep 5, 2008 12:06 PM ET

Posted In: Entertainment, Music, Media & Publishing, Money, M&A & Venture Capital, Mergers & Acquisitions, Social Media, Video, Companies, Hands-On, Countries, Latin America, Europe, UK, Asia, connect2media, israel, rayfusion

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