Synchronica develops software for mobile push email and has developed its own handheld device to be sold in emerging markets. In September 2008, Synchronica acquired the technology of AxisMobile for up to 85.1m shares. Synchronica raised £5.1m at 3p a share when it bought these assets. In July 2009, Synchronica raised a further £4.7m gross at 2.5p a share. Synchronica reversed into DAT Group in April 2005 for €750,000 in cash and shares. DAT raised £6m at 130p a share when it joined Aim on 14 December 2004.