Issue #2004 - 02
ACQUISITIONS, MERGERS & AGREEMENTS
Major Agreements & Sudden Death (Chapter 11) Related News This Month
1. Magis - A High Bandwidth Home Video Startup Called It Quits in December 2003
Magis thought that it had the answer to tetherless home entertainment market. But it had to call it quits. So it
closed its shop and filed for chapter 11 bankruptcy.
2. Intel Agrees to Pay PC Tel for Cross Technology
Intel agreed to pay PC Tel 14.5 million for the cross-licensing privilege, especially in the soft Access Point technology area that PC Tel had specialized in.
3. Zim of Canada to Acquire British SMS Company
As part of its international growth strategy, Canada’s mobile consumer and enterprise application developer ZIM Technologies is acquiring U.K.-based mobile messaging solutions provider EPL Communications Limited in what is reported to be a $3.5 million deal. The acquisition, which should be completed by the middle of the month, will position ZIM to further penetrate the global SMS market for premium, bulk, and location-based and interactive two-way SMS delivery. (Source: TMC Net
4. Alcatel has finalized an agreement to buy Boston-based WaterCove
Networks, a specialist in next generation mobile networking equipment called GGSN (GPRS Gateway Support Node).
Inset shows Watercove WN 1200 Intelligent Support Node.
This asset acquisition will allow Alcatel, the world market leader in mobile prepaid solutions, to reinforce its portfolio for mobile operators' growing needs for flexible and reliable real-time content charging solutions.
WaterCove Networks develops and offers the "intelligent GGSN" technology, which is one of the most powerful GGSN solutions available on the market today. WaterCove Networks' solution was selected by Orange UK in 2002, becoming the first "intelligent GGSN" commercially operational world-wide.
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