| For Immediate Release |
Jeremy Milner
401-862-9422
jeremy@jeremymilner.com
Jill Burnie
617-375-4217
jill.burnie@morgankeegan.com |
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ALICE SYSTEMS ANNOUNCES AGREEMENT TO BE ACQUIRED BY BIRDSTEP TECHNOLOGY
Oslo, Norway (November
17, 2004) -- Alice Systems AB, a
premier provider of network access software for the wireless
marketplace, announced that it had entered into a letter
of intent to be acquired by Birdstep Technology ASA, a leader
in IP mobility solutions.
"Alice Systems is the world's leading provider of wireless
connectivity client software, while Birdstep has the most
advanced Mobile IP solution in today's market," said Jørgen
Bredesen, CEO of Birdstep Technology. "Together, the companies
can deliver a best-in-class solution that enables wireless
operators to improve their customer experience as they move
between available wireless networks. Alice Systems' extensive
experience in sales and cooperation with operators will help
us to meet our combined goals. " Alice Systems and Birdstep
Technology had previously launched a commercial partnership
in December 2003.
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About Alice Systems
Alice Systems is a leading independent provider to mobile operators,
ISPs and device manufacturers of software-based products and services
that deliver ubiquitous network and service access. Alice Systems' solutions
enable applications like
email and web access on PCs, laptopsand PDAs to be easy to use and
access, whether communicating over WLAN ,fixed or 3G networks. Alice
Systems provides software clients to operators and has received commercial
contracts from 31 network operators worldwide including T-Mobile,
Vodafone, Telenor and Nextel among others.. Alice Systems is owned
by Argnor Wireless Ventures, Slottsbacken Funds and Northstream.
For more information: http://www.alicesystems.com .
About Birdstep Technology
Birdstep Technology is traded on the Oslo Stock Exchange
(OSE) under ticker 'BIRD'. The company has headquarters in Oslo and
Seattle in addition to offices in Boston, Frankfurt, Cambridge (UK),
San Francisco and Shanghai. Birdstep's small footprint, high performance
database technologies combined with its wireless roaming and access
software enables companies to build innovative solutions for embedded
systems and the Mobile Internet. Birdstep makes your information
accessible anytime, anywhere, on any device and on any infrastructure.
Birdstep's global customers and partners include Cisco (CSCO), 3Com
(COMS), Alcatel (EPA), Ericsson (ERICY), Nortel Networks (NT), HP
(HPQ), Fujitsu Siemens Computers, Accenture (ACN), PCTel (PCTI),
Connect One and Telenor (TELN). For more information, visit www.birdstep.com .
Morgan Keegan Technology Group is one of the nation's largest investment banks focused exclusively on Mergers & Acquisitions and Private Capital Fundraising Advisory Services for technology companies. All of our clients benefit from senior-level attention from partners with deep sector expertise.
Morgan Keegan Technology Group was founded in 2001 by former senior technology bankers from major Wall Street investment banks. With offices in Boston, San Francisco and Los Angeles, Revolution applies partner-level experience to the successful execution of advisory and financing transactions for emerging technology companies in industry sectors including software, Internet business services, telecommunications, wireless, clean tech, digital media, storage and semiconductors. For more information, visit www.revolutionpartners.com.
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