Mahindra Comviva, the global leader in providing mobile financial and VAS solutions has announced a partnership with Funambol, the leader of white-label personal clouds to help mobile service providers get to market quickly with personal cloud services.

Through this association, Funambol will provide its solution that enables service providers to deploy a self-branded digital lifestyle personal cloud.

Mahindra Comviva will leverage its wide product portfolio and extensive geographic presence to create and deliver personal cloud solutions, leveraging Funambol technology that meets the unique needs of customers in its markets. It has been estimated that the global personal cloud market will grow from $6.6 billion in 2013 to $43.5 billion in 2018, representing a compound annual growth rate (CAGR) of 45.61 percent from 2013 to 2018.

"The increase in Mobile Internet users in the emerging markets and consumption of digital content, but without a similar growth in PC and computer infrastructure, has accelerated the need for personal cloud solutions. Mahindra Comviva is extending its award winning WebAxn solution to include personal cloud services with this partnership," said Arun Tanksali, chief technology officer, Mahindra Comviva.

We are pleased to partner with Funambol and continue our commitment to bring innovative solutions to service providers worldwide added Tanksali.