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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (861)	11/13/2005 12:43:14 PM
From: richardred	Read Replies (1) \| Respond to of 7254

Pumatech to acquire Synchrologic for $60 million Deal gives desktop vendor enterprise access By Ephraim Schwartz September 16, 2003 Pumatech, a leading provider of mobile synchronization software, announced an agreement this week to buy Synchrologic, a leader in mobile management software products. SPONSOR The acquisition of the privately held Synchrologic was approved by both boards of directors and is awaiting Pumatech share holder approval and a blessing from the SEC. The deal will give Synchrologic $60 million in Pumatech stock. Pumatech is best known for Intellisync, a synchronization application for desktops to PDAs. Pumatech has about 90 percent consumer market share as well as being licensed by most of the major software vendors including AOL, Microsoft, Oracle, PeopleSoft, RIM, and Siebel, according to Clyde Foster, senior vice president of sales and marketing at Pumatech. While Pumatech covers the desktop market, Synchrologic's server application, Synchrologic Mobile Suite, are licensed by enterprise-level companies for remote system management, including backup and restore, software updates, and new software installations in addition to offering a server synchronization application, Data Suite and File Suite. Pumatech also has a server product but the company will abandon it in favor of Sychrologic's solution, said Foster. However, Synchrologic will keep its application development environment known as Satellite Forms. Consolidation in the mobile middleware space is not unexpected and Pumatech also acquired this year Starfish Software, Loudfire, and Spontaneous Technology. Although with the exception of competitor Extended Systems, Pumatech will now have the single biggest share of the synchronization market, one industry analyst said that its customers will be the beneficiary. "This is a natural combination of two major players in the synchronization space and it should lead to customers getting more services for the same money than they had in the past. It expands Pumatech's ability to serve customers outside the synchronization market," said Gerry Purdy, principal at MobileTrax. Ephraim Schwartz is an editor at large at InfoWorld. infoworld.com