Jefferies & Company Inc acted as an exclusive financial consultant to Unwired Planet in this transaction.Country: USASector: Computer SoftwareTarget: Unwired Planet's Mediation and Messaging product businessesBuyer: Marlin Equity Partners LLCVendor: Unwired Planet (
Openwave Systems Inc)Type: Divestment, LBOStatus: Closed
"Like their counterparts in mature markets, many operators in emerging markets are seeing the value in gaining a deeper understanding of mobile data usage and traffic patterns in order to optimize their network resources and deliver better services to users," said Anurag Patnaik, director of product management,
Openwave.
"By incorporating
Openwave's Provisioning Manager Mobile Edition into our network, customers won't have to bring their phones in for reprogramming when an area code changes," said Ted Hoffman, vice president of Technology Development for Verizon Wireless.
Openwave Mobility had preliminary adjusted revenues of approximately USD27m in 2017 and an EBIT of USD3m.
Following the sale,
Openwave will change the name of its remaining business to Unwired Planet and will continue to trade on Nasdaq, concentrating on intellectual property.
Openwave Accelerator is expected to be generally available through
Openwave in the second quarter of calendar year 2009.
The latest version of the Openwave(TM) UP.Browser microbrowser (version 4.1) features the Secure Download Agent (SDA) that works in conjunction with
Openwave's Mobile Management Server (MMS) and the Mobile Location Server (MLS) announced earlier this year by Phone.com.
M2 EQUITYBITES-February 28, 2018-Enea announces acquisition of
Openwave Mobility in US for USD90m
Context-aware mediation and messaging software solutions company
Openwave Systems Inc (Nasdaq:OPWV) on Monday named John Charters as SVP of worldwide sales with effect from 1 April, replacing Alan Park.
Open software and services provider
Openwave Systems has opened its first two-day European anti-abuse conference.
NORDIC BUSINESS REPORT-February 28, 2018-Enea announces acquisition of
Openwave Mobility in US for USD90m