Followap
Company

Last deal

$4.5M

Amount

Debt Financing

Stage

01.11.2006

Date

3

all rounds

$34.5M

Total amount

date founded

Financing round

General

About Company
Followap was a pioneer in mobile messaging, providing instant messaging and presence solutions to the mobile industry.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.1999

Number of employees

Company Type

For Profit

Last funding type

Debt Financing

IPO status

Private

Description

Founded in 1999, Followap developed mobile messenger applications that were used by major telecom companies such as Vodafone, Hutchison 3G, and BT Group. With over 20 mobile operators as customers and a user base of over 200 million subscribers, Followap's products enabled advanced mobile messaging and presence-enhanced services. The company held numerous patents and actively contributed to industry standardization efforts. In 2006, Followap was acquired by Neustar, a company specializing in clearinghouse capabilities for service providers.
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M&A Details
1

Transaction name

Acquired by

Neustar

announced date

27.11.2006

price

$139M

Financials

Funding Rounds
6
3

Number of Funding Rounds

$34.5M

Money Raised

Their latest funding was raised on 01.11.2006. Their latest investor Viola Ventures. Their latest round Debt Financing

Date 
Funding Round 
Investors 
Money Raised 
Lead 
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Investors
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People

Founders
2

Dan Volach

Dan Volach co-founded Followap in 1999 and served as its CEO. Pioneering mobile Messenger, Followap dominated the global market with the largest customer base, which included the Vodafone group, BT telecom, Vimpelcom, Turkcell and the 3 group, among others. Followap was acquired by NeuStar in 2006 for approximately $140M. Dan is involved in mobile initiatives both as entrepreneur and as an investor. He holds a B.Sc. in Computer Engineering from the Technion.

current job

Blix
Blix

Dan Volach

Ben Volach

Ben Volach co-founded Followap in 1999 and as its president directly orchestrated its efforts in producing a suite of world leading mobile Messenger and presence-based products. Pioneering mobile Messenger, Followap dominated the global market with the largest customer base, which included the Vodafone group, BT telecom, Vimpelcom, Turkcell, the 3 group, amongst others. Followap was acquired by NeuStar in 2006 for approximately $140M. Ben is involved in mobile initiatives both as entrepreneur and investor. As a recognized inventor, Ben is one of the founding fathers of mobile Messenger.

current job

Blix
Blix

organization founded

2

Ben Volach

Employee Profiles
6

Dan Volach

Co-founder and CEO

Simon Brown

Simon Brown

COO

Ben Volach

Co-founder and President

Rafi Ton

Rafi Ton

VP Asia Pacific and Head of Business Development

Amit On

Amit On

Senior Software Architect

Activity

Recent News
0