Mondia and ALSO sign a strategic partnership for cloud gaming services

Mondia, a leading private mobile technology company together with ALSO, a European technology provider, and Ludium Lab, a cloud gaming technology company, announced today the signing of a strategic partnership to bring cloud gaming to markets around the world. This agreement will leverage the latest streaming technology to provide digital cloud gaming experiences to Mondia's reach of over 1 billion connected subscribers.

Mondia's lead in digital experiences serving top tier operators together with ALSO and Ludium's expertise in cloud gaming, will provide seamless integration of world-class technology. Cloud gaming is now the biggest disrupter in the $160Bn* global gaming industry with mobile gaming leading as the most popular segment. This service is perfectly timed to deliver the ultimate gaming experience, enhanced by next generation 5G technology and devices.

«Our partnership with Mondia connects us with a range of new customers, and together we are removing the entry barriers, making interactive enterainment more accessible. This technology is optimal on both 4G and 5G networks to bring cloud gaming to the masses. Additionally Mondia and ALSO can leverage ALSO's global platform partner ecosystem in 82 countries to expand our joint reach for Mondia's SaaS offerings» says ALSO's CEO, Gustavo Möller-Hergt.

Operators will benefit from speed-to-market in solution deployment and gain access to a catalogue of rich and evolving content, hosted on-premise or in the cloud. This will allow for lower cost of operations and ownership. Users can take advantage of hassle-free consumption, free from hardware specifications and from storage requirements.

«We are shaping the future of digital services, and this partnership will ensure our leadership position in cloud streaming which is the next shift in content consumption. With the introduction of cloud gaming, end-users will benefit from the ultimate on-demand experience» said Mondia's CEO, Amadeo Rahmann.

Direct link to media release: https://www2.also.com/press/20200210en.pdf

Contact person ALSO Holding AG:
Manuela Rost-Hein
Head of Communications ALSO Group
Phone: +49 151 14040215
E-Mail: manuela.rost-hein@also.com

Contact person Mondia:
Nicolas le Roux
CMO Mondia
Phone: +971 50 557 5041
E-Mail: nicolas.leroux@mondia.io

ALSO Holding AG (ALSN.SW) (Emmen/Switzerland) brings providers and buyers of the ICT industry together. ALSO offer more than 550 vendors of hardware, software and IT-services access to over 100 000 buyers, who can call a broad spectrum of other customized services in the logistics, finance, and IT services sectors, as well as traditional distribution services. From the development of complex IT landscapes, the provision and maintenance of hardware and software, right through to the return, reconditioning and remarketing of IT hardware, ALSO offers all services as a one-stop shop. ALSO is represented in 23 European countries and generates total net sales of approximately 9.2 billion euros with around 4 000 employees in the fiscal year 2018. The majority shareholder of ALSO Holding AG is the Droege Group, Düsseldorf, Germany. Further information is available at http://also.group

Mondia
Mondia connects people to digital experiences and brands to endless opportunities. By understanding where the markets are going, understanding where tech fits in and using that knowledge to identify solutions that boost businesses and shift user experiences. What makes Mondia different from other international digital tech companies and a leader in delivering extensive content and digital services, is our ability to tailor existing offerings or custom-create new ones to solve brand/business challenges. We believe in possibilities. We connect to the future. More information: https://mondia.com

Ludium Lab
Ludium Lab is a technology startup - based in Barcelona - that stemmed from a spin-off from the Polytechnic University of Catalonia in 2012. In this spin-off, a group of researchers began developing a new cloud streaming technology. The team has been working for over a decade to perfect interactive streaming in order to achieve its implementation with maximum quality and at a low cost. Ludium Lab provides services to other companies (B2B) and SoraStream is its first product designed for consumers. More information: http://ludiumlab.com

Droege Group
Droege Group (founded in 1988) is an independent advisory and investment company under full family ownership. The company acts as a specialist for tailor-made transformation programs aiming to enhance corporate value. Droege Group combines its corporate family-run structure and capital strength into a family-equity business model. The group carries out direct investments with its own equity in corporate spin-offs and medium-sized companies in «special situations». With the guiding principle «execution - following the rules of art», the group is a pioneer in execution-oriented corporate development. Droege Group follows a focused investment strategy based on current megatrends (knowledge, connectivity, prevention, demography, specialization, future work, shopping 4.0). Enthusiasm for quality, innovation and speed determines the company's actions. In recent years Droege Group has successfully positioned itself in domestic and international markets and operates in 30 countries. More information: https://droege-group.com

Disclaimer
This press release contains forward-looking statements which are based on current assumptions and forecasts of the ALSO management. Known and unknown risks, uncertainties, and other factors could lead to material differences between the forward-looking statements made here and the actual development, in particular the results, financial situation, and performance of our Group. The Group accepts no responsibility for updating these forward-looking statements or adapting them to future events or developments.