Posted on 31-Jul-2005 17:56.
Filed under: News
Sybased has agreed to acquire Extended Systems Inc, provider of mobile software solutions. The proposed acquisition is a cash merger with a total price of approximately US$71.3 million, or US$4.460847 per share.
The transaction, which is subject to regulatory approval, Extended Systems’ stockholder approval and other specified closing conditions, is expected to close in the fourth quarter of 2005. Following the closing of the transaction, Sybase intends to integrate Extended Systems into Sybase’s iAnywhere Solutions subsidiary.
Founded in 1984, Extended Systems brings to Sybase patented technology, approximately 2,500 enterprise customers worldwide, and a strong presence in Europe. Extended Systems is headquartered in Boise, Idaho, with 180 employees in North America and Europe.
“The acquisition of Extended Systems is expected to enhance our portfolio of mobile middleware solutions and strengthen our geographic presence, particularly in Europe,” said Sybase’s Chairman, President, and CEO John Chen. “This acquisition will position Sybase with a powerful end-to-end information mobility offering that, when combined with our industry leading mobile database and mobile device management products, will enable Sybase to be in a great position to deliver on the benefits of the Unwired Enterprise.”