Openwave Acquires WiderWeb |
(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)
Openwave Systems, Inc.
1400 Seaport Blvd.
Redwood City, CA, 94063
USA
Press release date: February 20, 2007
REDWOOD CITY, Calif., Feb. 20: Openwave Systems Inc. (NASDAQ:OPWV), the leading independent provider of software solutions for the communications and media industries, today announced that it has completed the acquisition of WiderWeb Limited, a leading developer of mobile web access solutions. The acquisition provides Openwave with an open internet browsing solution that re-formats web content for mobile phones in a highly optimized, compressed and standards-based XHTML/MP format, opening up access to the entire Internet on mass market mobile devices. The purchase consideration consists of $5M in cash and a potential $4M contingent earn-out. The acquisition is not anticipated to have a material effect on Openwave's fiscal 2007 financial results.
"It is imperative that mobile operators and content providers ensure they are properly positioned to leverage off-net opportunities," said Peter Galvin, senior vice president of products and marketing, Openwave. "The content reformatting technology from WiderWeb can dramatically improve the user experience when accessing Internet content on mass market mobile devices. This acquisition, along with our recent announcement of Openwave(R) MediaCast, supports our customers in delivering a compelling Web 2.0 experience and in deepening the subscriber relationship across all channels."
WiderWeb technology will be integrated into Openwave's mobile gateway infrastructure, which is designed to enable operators to offer consumers a broader range of content choices by delivering full Internet web pages in a user friendly and device intelligent format to mobile data-enabled devices. Both operators and content providers can rapidly deliver a cost effective optimized experience to the mobile Internet. Openwave is also working with operators to monetize off-net content with the Openwave(R) Contextual Merchandising solution.
About Openwave
Openwave Systems Inc. (NASDAQ:OPWV) is the leading independent provider of software solutions that ignite mobility for the communications and media industries. Openwave empowers its customers to rapidly transform their business by sparking new revenue streams and market opportunities, building loyal subscriber communities and reducing operational costs. Openwave's broad range of IP-based handset-to-network solutions enable the rapid launch of information, communication and entertainment services across networks and devices and include handset software, content delivery, adaptive messaging, location, music and video services. Openwave is a global company headquartered in Redwood City, California. For more information please visit http://www.openwave.com/.
For further information: Openwave Systems Inc. Vikki Herrera Public Relations vikki.herrera@openwave.com Tel: 650-480-6753
Mike Bishop Investor Relations investor@openwave.com Tel: 650-480-4461 FCMN Contact: Vikki.Herrera@openwave.com
Source: Openwave Systems Inc.
CONTACT: Vikki Herrera, Public Relations, +1-650-480-6753, or vikki.herrera@openwave.com; or Mike Bishop, Investor Relations, +1-650-480-4461, or investor@openwave.com, both of Openwave Systems Inc.
Web site: http://www.openwave.com/
|
|
|
|
|
|
|
|
|
|
|
| 
