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Financing: Acquisition, Funding
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“ We are pleased with the sale of our Location business to Persistent Systems, a long-standing development partner, and we are committed to a smooth transition for our location customers and employees. ”
By Mike Mulica
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VC-backed Persistent Systems Acquires Location Biz From Openwave
VCCircle (Feb 3 2012) Acquisition
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Pune-based Persistent Systems Ltd has acquired the ‘Location’ business of California's mobile Internet software solutions company Openwave Systems, Inc., for an undisclosed sum, the company has disclosed in a statement. Although details of this ‘Location’ business and the number of people working for the unit are not immediately known, Openwave is into location infrastructure and applications for both emergency and commercial location services. read more (Read Full Article)
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