Tatara Sells Broadband Biz
ACTON, Mass. -- Tatara Systems, the leader in SIP-based femtocell convergence, today announced that it has sold its Mobile Broadband product line to Smith Micro Software. Under the terms of the sale, Smith Micro Software purchased assets associated with the Tatara Service Manager client software and the Tatara Subscriber Gateway, which performs client management. Smith Micro also assumed responsibility for the company’s facilities and employees based in Vancouver, Canada. The amount of the transaction was not disclosed.
“We are very pleased with this transaction, as it enables Tatara to monetize the value of our Mobile Broadband products and apply those resources to the exciting opportunities in femtocell convergence and applications enablement,” said E.Y. Snowden, chairman and CEO of Tatara Systems. “We also are delighted that Smith Micro, a global leader in the space, will be assuming the strong customer relationships, excellent products and able work force we have built in our Mobile Broadband business, reflecting well on the Tatara brand and our commitment to innovation and advanced technology.”
Tatara Systems Inc.