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OPENWAVE SELLS MOBILE PHONE CLIENT SOFTWARE BUSINESS TO PURPLE LABS REDWOOD CITY, Calif. - June 30, 2008 -- Openwave Systems Inc., one of the world's leading software innovators enabling revenue-generating personalized services which converge the mobile and broadband experience, and Purple Labs, a leading supplier of Linux for mass-market 3G phones, today announced that Purple Labs has acquired the Openwave mobile phone software business, which develops and markets its browser and messaging client technologies. "Openwave's innovative client offerings established Openwave as an early pioneer in the mobile data market and remain an integral technology to handset manufacturers worldwide," said Bruce Coleman, interim CEO of Openwave. "As outlined previously, we are focusing our efforts on network-based offerings. This focus will better allow Openwave to innovate and grow profitably. We wish Purple Labs success in leveraging the handset manufacturer relationships and incumbency established with our client offerings." "The Openwave browser and messaging applications have always led the industry, and are today used by every major phone manufacturer in the world," said Simon Wilkinson, Purple Labs CEO. "By acquiring this portfolio and the Openwave client team, Purple Labs becomes a global leader in mobile software, powering both traditional and Linux-based mass-market phones." Based in Chambéry, France, Purple Labs is funded by three European venture capital firms: Sofinnova Partners, Earlybird Venture Capital, and Partners Group. |