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Industry: Email Alert RSS FeedGeoworks to Acquire AirBoss Wireless Systems to Expand Its Mobile Communications Platform Solutions and Deepen Its Suite of Technology Patents - Company Business and Marketing
Cambridge Telcom Report, May 22, 2000
SMGeoworks Corporation (Nasdaq: GWRX), a pioneer in wireless data communications services and technologies, Tuesday announced it has reached an agreement to acquire AirBoss Wireless Systems from Telcordia Technologies, Inc., an SAIC company. AirBoss Wireless Systems encompasses a suite of patented mobile communications software products and consulting services that provide enhanced wireless access to corporate data over a wide variety of wireless networks and computing devices. Both parties expect the deal to close within the next 30 days, subject to due diligence, definitive documentation, and private and regulatory consents customary to this type of transaction.
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The AirBoss acquisition will give Geoworks ownership of the developed AirBoss products, which have been deployed in numerous revenue generating customer solutions around the world. Also Geoworks will acquire engineering and marketing forces as well as five key wireless data patents, which will complement Geoworks' recently launched intellectual property licensing program.
"Already this year, Geoworks has attracted tremendous interest among the wireless and Internet industries for its innovative wireless technology patents and its new Mobile ASP solution for enterprise clients," said Dave Grannan, President and CEO of Geoworks Corporation. "The acquisition of AirBoss will enable Geoworks to sustain its rapid growth and innovation, as well as bring into our team some incredibly talented individuals."
Geoworks plans to integrate AirBoss' wireless technology and services into its full line of mobile communications products, including Mobile ASP, Geoworks' mobile communications solution for enterprise clients and Mobile Site, which allows any business to mobilize its existing Web content for any mobile device affordably and quickly.
"The sale of the AirBoss business line represents a continuation of our working relationship with Geoworks," said Dave Burns, Acting Group President of Professional Services, Telcordia. "Telcordia will continue to use and deploy the AirBoss technology and Geoworks will call upon Telcordia for its systems integration expertise."
"Geoworks' industry expertise and innovation will help broaden the applicability of the AirBoss technology," said Dave Pepe, Executive Director, AirBoss Wireless Systems, Telcordia. Pepe would become the new VP and General Manager of the new Geoworks division. "Geoworks is already well positioned in an area poised for explosive growth and the AirBoss technology will help them better meet their customer needs."
AirBoss Wireless Systems encompasses a suite of patented mobile communications software products and consulting services that provide enhanced wireless access to corporate data over a wide variety of wireless networks and computing devices. AirBoss Wireless Systems extend companies' local area networks into the mobile environment, giving employees ready access to mission-critical corporate data and applications. AirBoss Wireless Systems employ a "carrier-grade" platform built to the industry's highest standards of reliability. For additional information on AirBoss Wireless Systems, please visit www.telcordia.com/airboss.
> Telcordia Technologies, Inc., an SAIC company, is one of the world's largest providers of operations support systems, network software and consulting and engineering services to the telecommunications industry. As the leader in the development of next generation network architectures, Telcordia employs more than 6,000 professionals, and has revenues of more than $1.2 billion. Telcordia (www.telcordia.com) is headquartered in Morristown, New Jersey, with offices throughout the United States, Europe, Central and South America and Asia Pacific.Geoworks Corporation is a pioneer in wireless data communications services and technologies for the business and consumer markets. The company's mission is to enable mobile Internet access in the business to business and business to consumer markets. Geoworks' Mobile ASP solution utilizes a flexible combination of its proprietary Premion Server technology and its mobile media expertise to enable businesses to reach their mobile customers with relevant and timely information. By licensing its essential Intellectual Property Rights for the Wireless Application Protocol (WAP), Geoworks plays a central role in advancing the worldwide market for mobile devices that enable people to easily and instantly access and interact with information and services. Based in Alameda, California, the company has international offices in Sweden, Japan and the United Kingdom, and can be found on the World Wide Web at http://www.geoworks.com.
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