Vringo To Acquire Mobile Content Solutions Provider m-Wise

Vringo , which offers video ringtones and personalization solutions for mobile devices, this morning announced that it has signed a (non-binding) Letter of Intent to acquire substantially all of the assets of m-Wise , a New York-based provider of enabling technologies for the mobile entertainment and marketing industries. m-Wise provides a SaaS platform used by content owners and service providers to manage, deliver and monetize mobile entertainment, content and apps. The platform is said to be used for over 300 applications across more than 50 mobile networks by a host of international content and media providers, powering over three million daily mobile service transactions worldwide.