Smith Micro to Acquire Assets of Insignia Solutions, plc, Developer of Mobile Device Management Software
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Monday February 12, 2:00 am ET
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ALISO VIEJO, Calif., and BARCELONA, Spain, Feb. 11 /PRNewswire-FirstCall/ -- 3GSM CONFERENCE -- Smith Micro Software, Inc. (Nasdaq: SMSI), a developer and marketer of a wide range of software and services for the wireless market, and Insignia Solutions, plc (OTC: INSGY), a pioneer in mobile device management and a key provider of provisioning-infrastructure software to mobile operators and device manufacturers around the world, jointly announced a definitive agreement for Smith Micro to acquire substantially all of the assets of Insignia Solutions, including its mobile device management business.
Insignia's Device Management Suite is an intelligent device management system that enhances subscriber satisfaction with increasingly complex mobile services. Insignia has combined powerful device and service provisioning capabilities, along with diagnostics, client device software management, and content and firmware provisioning to form the comprehensive Device Management Suite. The Suite also features ICE, which provides intelligent, targeted provisioning and automated device management to further improve the end-user's experience and to drive new revenue-generating services for carriers. The platform has been licensed to more than 25 leading mobile operators around the world.
"The integration of Insignia's Device Management Suite with our QuickLink Mobile offerings will enhance our ability to address the critical need for effective device management in the mobile communications market," said William W. Smith, Jr., Smith Micro's President and CEO. "This acquisition delivers on our commitment to invest in businesses that broaden our capabilities for our customers and to provide strong returns for our shareholders. Additionally, this acquisition provides us a unique opportunity to cross sell our wireless technologies into the Insignia carrier base while simultaneously introducing the Insignia mobile Device Management Suite to our existing customer base."
As a member of the Open Mobile Alliance (OMA), Insignia Solutions enables mobile operators and terminal manufacturers to manage a diverse community of mobile devices. The company's Open Management Client (OMC) delivers state-of-the-art management features including remote firmware updates, data synchronization and advanced device management and configuration capabilities. The OMC is licensed both to mobile phone vendors and providers of software platforms integrated into today's advanced mobile phones.
"We are proud of what we have built at Insignia Solutions and view this as a great combination," said Mark McMillan, President and CEO of Insignia Solutions, plc. "The dramatic increase in mobile phones and their associated complexity is proving to be both a significant opportunity and a challenge for mobile operators and phone manufacturers. Our intelligent Device Management Suite and industry-leading client solutions combined with Smith Micro's QuickLink Mobile offerings will meet customer and partner demands for quality, enterprise-class products and solutions better than ever." |
