Birdstep Technology signs agreement to acquire Aramova Inc.

2006-12-18


Birdstep Technology ASA has signed an agreement to acquire US based mobility software company Aramova Inc.

Birdstep has entered into a heads of agreement to acquire Aramova Incorporated. The acquisition further reinforces Birdstep’s leading market position as a seamless connectivity and mobility client software provider by adding stronger relationships with European operators like the KPN Netherlands, E-plus Germany and Neuf Cegetel France. The acquisition also strengthens Birdstep’s US presence by adding Aramova’s client software development organisation in San Francisco, California and new product lines that will expand and compliment it’s market leading wireless product portfolio. The transaction is expected to close in January 2006.

“The market for connectivity and mobility solutions has become a mass-market opportunity and consolidation of the vendor landscape has started. The acquisition of Aramova Inc., a profitable and well regarded US based laptop connectivity company, is an important next step in Birdstep’s strategy to maintain its market leading position and it enhances our North American ambitions ”, Petri Markkanen, CEO of Birdstep Technology says.

“We are exited to become a part of Birdstep. We share Birdstep’s vision and view on how the seamless connectivity and mobility market is evolving. By joining forces, our existing customers will get a richer portfolio and a larger organisation that can deliver on their evolving needs”, says Brian Chen, CEO of Aramova

There will be a phone conference for investors, analysts and journalists today at 10:00 Central European Time. The phone number to the conference is:

Domestic: 800 81 119
International: +47 23 00 03 00

Pin code: 68755

The phone conference will also be available as pod cast after the phone conference on Birdstep.com

Contact Information

Robert Vangstad

Birdstep Technology ASA

Contact via E-mail