Openwave Buys Magic4

Openwave completes acquisition of Magic4

August 2, 2004

1 Min Read

REDWOOD CITY, Calif. -- Openwave Systems Inc. (NASDAQ:OPWV) , the leading provider of open software products and services for the communications industry, today announced the completion of its previously announced acquisition of Magic4, the leading provider of messaging software for mass-market mobile phones. Openwave plans to integrate Magic4 into its client software operation, making the combined entity the number one provider of open-standards-based client software for mass-market mobile phones.

"This acquisition of Magic4 provides our manufacturer and operator customers the benefit of the two companies' practices, ensuring timely delivery of data handsets with increasingly innovative services, " said Don Listwin, president and CEO, Openwave.

Together Openwave and Magic4 are integrating their industry-leading mobile technology to enable user-friendly messaging on top of Openwave's core client technologies. The integration of these companies is expected to expand the global reach of Openwave client software through the resulting combined sales channels. The Magic4 acquisition reinforces Openwave's market presence in Europe and the Americas, and complements Openwave's established base in Japan and Korea. The acquisition also offers additional reach into China via Hong Kong, extending the relationship with leading manufacturers.

Openwave Systems Inc.

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