Geodesic Limited (BSE: 503699, NSE: GEODESIC), a leading provider of award-winning mobile and desktop solutions for instant messaging, VoIP and Internet radio, today announced the launch of Mundu Radio for the iPhone, iPod Touch, and iPad. Mundu Radio is an award-winning mobile application that lets users tune into unlimited streaming audio content anywhere, anytime directly from their mobile device. The application is available for download on the iTunes App Store at http://itunes.apple.com/us/app/mundu-radio/id368709604?mt=8.
Mundu Radio bundles music, content (such as news and sports) and personalization for an easy-to-use, intuitive mobile entertainment experience. Users can either select and playback streams from existing Internet radio stations, or they can create and manage personalized play lists, enabling users to listen to their choice of music genres and songs whenever they like. A cornerstone of Geodesic's Mundu suite, Mundu Radio has racked up numerous industry award recognitions and continues to be a top application amongst the thousands of mobile apps available in app stores.
Unlimited Internet Radio
Geodesic has a number of partnerships with leading providers that enable anytime access to an unlimited number of Internet radio stations from around the globe. The recording industry, which had $40 billion in annual sales 10 years ago, is now bringing in just half that amount. At the same time, digital downloads - which make up a fifth of those sales - is seeing slowing growth. This makes for an opportune market for Internet radio. Forrester predicts the number of U.S. subscribers for subscription-based cloud music services will rise from 2.1 million now, to five million by 2014.
"With the uptake of smartphones and today's robust cell phone networks, streaming music - or music in the cloud - is becoming increasingly popular," said Arvind Venkateswaran, Geodesic's senior vice president and general manager. "Rather than a pay per song fee, Mundu Radio gives listeners unlimited access to Internet radio for a nominal one-time download fee. Internet radio's time has come, and we are delighted to bring our award-winning application to the iTunes Store."
Cloud Music for Carriers
In addition to its consumer offering, Geodesic offers an end-to-end Mundu Radio solution for wireless carriers to help them increase Average Revenue per User (ARPU) through data and SMS usage. The white label solution leverages Geodesic's existing content partnerships to gain access to tens of thousands of Internet radio stations. Geodesic can then provide segmented or niche content based on the mobile operator's target demographics, geography or market focus.
Mundu Radio has been deployed with leading carriers and handset manufacturers throughout India, Asia, Europe and the U.S. In addition to the iPhone, the Mundu Radio client currently supports more than 100 popular handsets based on J2ME, Symbian, Windows Mobile, Blackberry and Palm OS platforms. For more information, visit http://mundu.com/products/mundu-radio/features.
About Geodesic Limited
Geodesic is an innovator in software products focused on information, communication and entertainment for mobile phones and desktop computers. Headquartered in Mumbai, India, Geodesic's Mundu suite of award-winning products includes solutions for instant messaging, voice-over-IP and Internet radio. The company is listed on the National Stock Exchange and Bombay Stock Exchange in India. Geodesic has offices in Mumbai and Bangalore in India, USA (Silicon Valley), UK, Sweden, Mauritius, Germany and Hong Kong.
