Communications infrastructure software company Openwave Systems Inc. has agreed to acquire SignalSoft Corp. for about $59 million, or $2.26 a share. Openwave also said in a statement Wednesday it has acquired technology from Ellipsus Systems Inc. for $17.5 million.
The proposed acquisition of SignalSoft extends Openwave's mobile data services portfolio, the company said, adding complementary technology and location-based services knowledge. Openwave plans to use SignalSoft's $45 million in existing cash to finance the transaction.
Openwave expects to complete the SignalSoft acquisition, subject to conditions, during the third quarter.
Openwave Systems also acquired technology from Ellipsus Systems to extend download management programs to include delivery of Java applications, and will use shares and cash to pay for the deal. Ellipsus builds and markets infrastructure software for deploying and managing applications on mobile devices.<
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Keep the discussion civilized. Absolutely NO personal attacks or insults directed toward writers, nor others who make comments.
Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't threaten. Threats of harming another person will not be tolerated.
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Be proactive. Use the 'Report' link on each comment to let us know of abusive posts.
PLEASE TURN OFF YOUR CAPS LOCK.
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