Megasoft in $25mn deal with Xero Mobile

Megasoft, a global provider of specialised solutions to the telecom sector, has entered into a 3-year exclusive contract with Los Angeles-based Xero Mobile.

As per the $25 million contract Megasoft will provide its XIUS VOISE (virtual operator integrated service engine) platform to Xero for launching the latter's Mobile Virtual Network Operator (MVNO) services in the US.

"This is one of the largest deals for Indian products and technology," G V Kumar, managing director and CEO of Megasoft, said here today. 

The contract, extendable beyond three years, envisaged provision of not only VOISE platform for the Xero's mobile launch but also other professional services as the project moved forward, said Kumar.