UK-based, Synchronica Plc announced its full year results for year ended 2008 posting 61 percent rise in revenues to £3.7 million as compared to £2.3 million in 2007.

Further the company claimed that cash used in operating activities reduced by 18.7% to £ 2.6 million when compared to £ 3.2 million in 2007. Cash and cash equivalents thereby increased by 35% to £ 3.5 million while in 2007 it was £ 2.6 million.

The company also claimed to have entered into agreements with 13 partners spread in 12 countries with main focus on emerging markets. In India too Synchronica managed a partnership with ISP, Sify. It had also announced partnership with an unnamed operators but there has been no official update on the same from the company thereafter.

“Synchronica has shown substantial progress in 2008. This is due to our continual focus on sales and marketing, our investment in product development, and the successful acquisition and integration of competitor AxisMobile. The acquisition broadened the Company''s product offering allowing us to offer mobile email to every mobile phone on the planet. On top, we have been able to fulfill outstanding customer deliveries of AxisMobile and further expanded our customer portfolio,” commented Carsten Brinkschulte, CEO of Synchronica.