Sybase Acquires Professional Software Services and Embedded Software Licensing Assets of iFoundry Systems
21 November 2006 - 9:15AM
PR Newswire (US)
Strengthens Sybase's Mobility Leadership in Asia with Enhanced
Offering to Mobile Device and Chipset Manufacturers DUBLIN, Calif.,
Nov. 20 /PRNewswire-FirstCall/ -- Sybase, Inc. (NYSE:SY), a leading
provider of enterprise infrastructure and mobile software, today
announced that it has acquired certain assets from Singapore-based
iFoundry Systems, a privately held engineering services company
focused on designing, developing and building wireless mobility
solutions, in an all-cash transaction. The transaction is not
expected to have a material impact on 2006 consolidated results.
The assets acquired include the business of licensing short-range
wireless interconnect protocol stacks and providing software
consulting, training and professional engineering services to
mobile device OEMs, ODMs and chipset manufacturers to enable these
technologies on their respective platforms. These assets enable
Sybase to offer a more complete embedded software solution to these
customers. Sybase's software development kits (SDKs) allow
manufacturers to quickly implement and embed wireless technology,
such as Bluetooth and infrared (IrDA), into devices including
cellular handsets, mobile devices and automotive applications. With
its acquisition of Extended Systems, Inc. (ESI) in 2005, Sybase
emerged as one of the leading providers of Bluetooth and IrDA
technology. Its mobile device solutions have already been
incorporated into more than 400 distinct mobile device designs by
major global device manufacturers -- representing millions of
Sybase-enabled devices in the market. "This acquisition expands our
presence in Asia, where the majority of embedded software design
and purchasing decisions are being made," said Terry Stepien,
president iAnywhere, a subsidiary of Sybase, Inc. "As the Bluetooth
market matures, our embedded software customers have been asking us
to complement their software licenses with professional engineering
services to help them accelerate their time to market. The
acquisition of iFoundry Systems' professional engineering services
team brings this capability to Sybase, along with strong existing
customer relationships with established mobile device OEM, ODM and
chipset manufacturers." The embedded mobile software business is
strong; revenue for the worldwide market for Bluetooth-enabled cell
phones is expected to increase by 70 percent between 2006 and 2011
as unit volumes double from 2006 to 2008 and increase to more than
a billion units in 2011, according to IMS Research. "Sybase and
iFoundry Systems already have a strong partnership with a long
history of working together," said Hari Ramichandran, Sybase
director of sales in Singapore and former managing director,
iFoundry Systems. "iFoundry Systems has been a distributor of
Sybase iAnywhere mobile device solutions since 2002. Both companies
understand the complex requirements of the embedded software market
and the value of professional engineering services. We are pleased
that this transaction helps Sybase extend its mobility leadership
and better serve its global customers." Sybase also gains valuable
embedded software intellectual property that has been developed by
iFoundry Systems but not yet productized. It is expected that this
intellectual property will augment the portfolio of Sybase
iAnywhere mobile device solutions to provide additional integrated
technologies to cellular phone OEM and ODM customers. About Sybase,
Inc. Sybase is the largest global enterprise software company
exclusively focused on managing and mobilizing information from the
data center to the point of action. Sybase provides open,
cross-platform solutions that securely deliver information anytime,
anywhere, enabling customers to create an information edge. The
world's most critical data in commerce, communications, finance,
government and healthcare runs on Sybase. For more information,
visit the Sybase Web site: http://www.sybase.com/ . DATASOURCE:
Sybase, Inc. CONTACT: Lorna Fernandes of Sybase, Inc.,
+1-925-236-4107, or ; or Melissa Sheridan of Citigate Cunningham,
+1-415-618-8783, or , for Sybase, Inc. Web site:
http://www.sybase.com/
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