Acision gets $160 million of secured loans to extend mobile services

By Jennifer Chiou

New York, Feb. 4 – Acision announced that it has raised $160 million of senior secured loans with a group of syndicate investors.

According to a news release, the loans will enable the company to accelerate its change strategy in app and mobile services mobilization.

“This increased commitment provides us with the opportunity to capitalize on the exponential growth in richer communications and secure messaging solutions, “executive chairman Didier Bench said in the release.

In other news, Moody's Investors Service assigned Acision a corporate family rating of B2, while Standard and Poor's gave its B long-term corporate credit rating to the company with a positive outlook.

Reading, England-based Acision provides mobile messaging services across IP platforms.

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