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by Freddie Mooche

Online Stock Market Trading Openwave Systems said it was acquiring privately-held Canadian wireless telecommunications software infrastructure vender, Cilys, for $10 million dollars.If you would like to receive late breaking news on tech stocks covered by AXcess News then you need to subscribe. By joining, you can stay ahead of the pack and receive the latest news in your email in-box first.Print This Page

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Stock Investing Course Jan 11, 2005 (AXcess News) Redwood City CA - Openwave Systems (Nasdaq: OPWV) said Monday it was acquiring privately-held Canadian wireless telecommunications software infrastructure vender, Cilys, in a deal valued at $10 million dollars.

A pioneer in the technology behind prepaid wireless services, Williams has worked at emerging and publicly traded wireless telecommunications and technology companies for the past 22 years. Prior to joining AccountNow, President of Engineering at Goodmail Systems, Inc., a provider of email services. Prior to that, Williams ran a software and consulting company for 8 years, and counted France Telecom, Orange, Pacific Bell and Bell Atlantic among his clients. founders of Aethos Communication Systems, the company that pioneered the growth of prepaid mobile phone usage in Europe prior to its sale to Logica CMG PLC.

Stock Market Game Sven Borgstrom, president and CEO of Cilys believes the combination of the two businesses made good sense from a market perspective. Openwave's handset client software and server technologies such as the Openwave Mobile Access Gateway are a good combination with Cilys' product architecture, which accelerates any protocol and, consequently, any wireless application running on the wireless data network.

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Stock Investing Game Paul Anderson, vice president and general manager of Openwave's mobile infrastructure products said, "We expect Cilys' technology will help operators generate capital expenditure savings since the technology compresses the amount of data sent over the network and thereby reduces the need for spectrum and investment in access infrastructure."

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Journal Prime Rate Street Wall Cilys' optimization technology increases speeds for accessing mobile data services and compresses the amount of data sent over 2.5 and 3G networks.The Openwave combined product offering will strengthen the company's position and offerings for mass market phones.

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Stock Market News The acquisition is for $10 million and will be paid in cash and stock.

Stock Investing Basics Openwave expects the deal to close in the first quarter of 2005.

Stock Investing Software Openwave closed Monday at $13.58, up 3 cents. Advertisement

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