Axel Technologies and Symbio partner to accelerate R&D for Fuugo, thenext generation mobile TV app

Axel Technologies, a pioneer in mobile TV software technologies, today announced it has partnered with Symbio, a leading innovator of outsourced product development solutions worldwide to accelerate R&D for Axel Technologies' Fuugo, the next generation TV application for mobile and portable devices, enabling faster global market entry.

The strategic partnership with Symbio is part of Axel Technologies' latest investment round with existing investors Nexit Ventures and Finnish Industry Investment Ltd. In addition to new financing, Axel is strengthening its business with a reliable co-creation partner that extends and enhances its R&D, integration and support capabilities. Symbio's robust mobile, Android and multimedia integration and global technical support expertise frees Axel Technologies to focus on innovative product development and grow the business.

Fuugo is the first TV application for personalising a content stream by blending content choices from broadcast TV, mobile TV, Internet videos and social media. Fuugo is optimised for a range of mobile and portable devices enabling consumers to enjoy personalised TV content on-the-go. Fuugo has been designed with the end-user in mind making it the most user-friendly TV and Video application in the market.