Sybase completes acquisition of Mobile 365

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Sybase, Inc. (NYSE: SY), a leading provider  of enterprise infrastructure and mobile software, today announced that  it  completed  the  acquisition  of  Mobile  365, Inc. in an all-cash transaction  valued at $417 million.  Net of acquired cash, the transaction is  valued  at  $397 million.  Mobile 365 will now operate as Sybase 365, a wholly-owned  subsidiary.   Marty Beard, senior vice president of corporate development and marketing for Sybase, Inc., will lead the new subsidiary as president.   The  Sybase mFolio business will be integrated into Sybase 365 immediately,  and  certain assets of Sybase AvantGo will be integrated into Sybase 365 early in 2007.

 

"Our acquisition of Mobile 365 is strategic, visionary and progressive in scope," said John Chen, Sybase chairman, CEO and president. "Built on unique intellectual property and a comprehensive global network, Sybase 365 provides the messaging infrastructure-of-choice for interoperability and content delivery.  With this acquisition, we expand our Unwired Enterprise offerings and our ability to deliver information anytime, anywhere, to any type of device."

 

Sybase 365 is the global leader in mobile interoperator messaging?including SMS, MMS and IMS?delivering more than 3.5 billion messages per month.  Through its extensive network of approximately 700 mobile operators, including Verizon Wireless, Vodafone, T-Mobile, Cingular, Telefonica and China Mobile, Sybase 365 will continue to focus on enabling the world's leading content providers and global brands, such as Citibank, Yahoo!, AOL, MSN and Twentieth Century Fox to mobilize their content and applications.

 

"Verizon Wireless enjoys a close relationship with Mobile 365, partnering for the timely delivery of mobile data worldwide," said Jim Straight, vice president of Wireless Internet and Multimedia Services for Verizon Wireless.  "As we approach the fifth anniversary of Mobile 365 launching carrier services here in the U.S., I'm pleased they have found a corporate parent who brings additional resources and opportunities to the market and that Mobile 365 will continue to serve us as they have in the past."

 

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