Aptilo Buys Birdstep IP Biz
STOCKHOLM and OSLO, Norway -- Swedish Aptilo Networks acquires the IP Zone division of Norwegian Birdstep Technology to establish a leading Public Wireless LAN software company. The merged company will operate as Aptilo Networks with Birdstep Technology as a major shareholder.
The transaction creates a company that will be the leading global force within Public Wireless LAN systems.
Aptilo Network’s and Birdstep’s product portfolios are built on the same architectural platform. Customers of the two companies can expect better and broader product capabilities. Although the companies share the same business philosophy, their customer bases do not overlap, creating strong offerings for the Enterprise, Public Hotspots and general Broadband markets.
The merger will give Aptilo enhanced capabilities to accelerate its future growth strategy and sales in Europe, Americas and Asia, and ensuring that Aptilo continues to deliver world-class PwLAN-systems, ahead of the competition.
The combined company will have a significant installed base with customers like Vodafone, T-Mobile, Telekom Malaysia, Tele2 and Telenor and strong partners such as HP, Intel, Nortel and Capgemini.
After the transaction the combined company will be valued at SEK 265 million (€28 million).
Aptilo Networks AB
Birdstep Technology ASA