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SoundBite Acquires Mobile Collect

Mobile Collect, a Rochester Hills, MI, company that makes software for text-message-based marketing and debt collection (yikes!), will merge with SoundBite Communications of Bedford, MA, in a deal valued at $500,000 plus up to $2 million in payments contingent on text-messaging revenue, SoundBite announced today. “Mobile Collect’s customer base and domain expertise in text messaging and collections are complementary to our strength in automated voice messaging, email, campaign management, and reporting and analytics,” SoundBite president and CEO Peter Shields said in the company’s statement.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.

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