AI assistant
Techstep ASA — M&A Activity 2016
Mar 8, 2016
3770_iss_2016-03-08_4bdfbafe-6554-4366-bec9-5a1e00198032.html
M&A Activity
Open in viewerOpens in your device viewer
SmithMicro acquires wholly owned subsidiary Birdstep Technology AB
SmithMicro acquires wholly owned subsidiary Birdstep Technology AB
Birdstep Technology ASA ("BIRD") and Smith Micro
International Inc ("SMSI") has on March 8 entered into
an agreement to sell its wholly owned subsidiary
Birstep Technology AB to SMSI. Reference is made to
stock exchange announcement from SMSI on NASDAQ. BIRD
will issue a stock exchange announcement shortly with
further information on the sale and certain other
matters of relevance.
The trading will be suspended until additional
information is published.
About SMSI
SMSI provides software to simplify and enhance the
mobile experience. As a leader in wireless
connectivity, SMSI applications help improve network
Quality of Experience for mobile users while
optimizing resources for service providers and
enterprises. The company's intelligent policy-on-
device platform, along with premium voice, video and
content monetization services, create new
opportunities to engage consumers and capitalize on
the growth of connected devices. In addition to
wireless and mobility software, SMSI develops
innovative Productivity and Graphics products for
professional artists and general consumers. The
company is listed at Nasdaq and headquartered in Aliso
Viejo, CA, US with additional development centers in
Santa Cruz, CA, Pittsburgh, PA, both US and Belgrade,
Serbia. For further information, please see
www.smithmicro.com
About Birdstep Technology ASA
Birdstep is a company that develops HetNet
optimization solutions for operators and OEMs to
deliver Experience Continuity to their customers. Our
cutting edge solutions lead the industry in helping
our customers develop strategies to maximize the
potential of Heterogeneous Networks (HetNets) in order
to bring better quality service, value added services,
and a more satisfactory experience to their customers.
For further information, please contact:
Marie-Louise Nilsson Kanon
VP Market Communications
Email: [email protected]
Phone: +46 8 6279140