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November 21, 2006
Sybase Buys iFoundry - The Latest Of Several Wireless s/w Acquisitions
Sybase is becoming a consolidator in the mobile and wireless software market. Its latest acquisition is Singapore-based iFoundry, a specialist in embedded wireless - Bluetooth and IrDa - solutions. The deal was announced Monday. There was no disclosure on the price paid.
iFoundry had been the Singaporean operation of Extended Systems before its management bought it out back in 2002. Sybase bought Extended Systems in 2005.
The Singapore deal is the most recent of several acquisitons the US firm is making to build up its product lines and subsidiary businesses that not only now target mobilephone manufacturers and network operators, but also the business - or enterprise - mobility market.
This activity should be getting the attention of European VCs as Sybase paid a healthy $400M for Mobile 365, a mobile software company that resulted from the merger of Mobileway, which had been backed by European VCs, and Inphomatch, backed by US investors. It also acquired in June a Germany company called Solonde whose business intelligence software business was added to Sybase's Unwired Enterprise business activities.
Read- Sybase Acquires iFoundry Systems (press rel.)
Read - Sybase Acquires Solonde (a:c euro)
Posted on November 21, 2006 08:07 AM | Posted to News And Updates | Permalink
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