Empresas y finanzas
Wavecom Announces Acquisition of Anyware Technologies, a Leader In M2M Solutions and Services
Regulatory News:
Wavecom S.A. (Paris:AVM) (NASDAQ:WVCM) (ISIN:FR0000073066) today
announced that it signed a definitive agreement to acquire Anyware
Technologies, an industry leader in machine-to-machine (M2M)
client-server software solutions located in Toulouse, France.
"Anyware is a recognized leader in developing M2M software
solutions for customers who use wireless technology to enhance their
business processes. Anyware Technologies´ M2M-specific solutions
perfectly compliment Wavecom´s secure and scalable Intelligent Device
Services (IDS) platform, with the combination creating the most
advanced end-to-end software solution in the industry." commented Ron
Black, CEO of Wavecom.
"We have been a Wavecom technology partner for several years and
welcome the opportunity to join forces in broadening the deployment of
our combined best-in-class turn-key solutions which allow customers to
develop wireless products that connect any equipment seamlessly to
their IT infrastructure." added Ludovic Le Moan, CEO of Anyware
Technologies.
Anyware Technologies is now a wholly-owned subsidiary of Wavecom.
The headquarters remains in Toulouse. Emmanuel Walckenaer, becomes CEO
of this subsidiary while retaining his current role as VP of Wavecom´s
Intelligent Device Services. Ludovic Le Moan will continue to play a
strategic role in the company by driving technological innovation. He
will pilot the building of a new offer, combining Anyware Technologies
software and Wavecom embedded expertise on a new platform which will
ease customer´s adoption while significantly reducing time to market
of complete M2M solutions.
Emmanuel Walckenaer, added, "Anyware Technologies brings to
Wavecom a world class-leading Integrated Development Environment
(IDE), built on Eclipse(TM), whose ease-of-use will accelerate broad
adoption of wireless M2M applications. Anyware´s Java(TM)-based
software can be used with all brands of wireless modules and the
company will continue to supply to the entire wireless M2M space.
Formed in 2000, Anyware Technologies has grown at high double
digit rates over the last few years, ending 2007 with sales of nearly
EUR 5 million, an increase of 74% from the previous year, and was
profitable. The transaction was finalized for a cash payment to
Anyware shareholders of EUR 9.1 million plus EUR 1.5 million placed in
an escrow account for customary warranty provisions. An additional
payment for earn-out of up to EUR 2 million upon reaching certain
milestones is to be made in 2009. The acquisition should be accretive
for Wavecom in 2008.
About Wavecom
Wavecom is a worldwide leader in embedded industrial wireless
communication solutions for automotive, machine-to-machine and mobile
professional applications. Wavecom´s solutions include the Open AT(R)
software platform encompassing the Wavecom Open AT(R) Operating
System, a wide range of Plug-Ins, the Open AT(R) Integrated
Development Environment (IDE) along with a market-leading range of
Wireless CPUs (Central Processing Units), and an expanding portfolio
of services. These complete embedded solutions enable makers of all
types of machines to development of a new breed of intelligent
wireless applications, without the need of external processors and
other ASICs (ApplicationSpecific Integrated Circuits) and components.
Founded in 1993 and headquartered in Paris, Wavecom has
subsidiaries in Hong Kong (China), Research Triangle Park, NC (USA)
and Farnborough (UK). Wavecom is publicly traded on Euronext Paris
(Eurolist) in France and on the NASDAQ (WVCM) exchange in the U.S.
www.wavecom.com
About Anyware Technologies
Created in 2000, Anyware Technologies is a French software and
solutions provider expert in embedded software, Web technologies and
IT systems. Leveraging its technology, tools and expertise, the
company has created a set of Machine-To-Machine software and
professional services. The Machine-To-Machine portfolio is especially
designed to facilitate the connection, management and monitoring of
remote equipments through a Web interface.
Anyware Technologies proposes a unique M2M offer based on a
universal technology able to connect any equipment to the IT system of
a company. The quality and flexibility of this offer enables M2M
applications in sectors as varied as personal assistants, access
control, security, remote monitoring and billboard management. The
company has formed technological partnerships with the main M2M market
leaders.
www.anyware-tech.com