LAUNCH OF OPENWAVE MARKS THE POWERFUL COMBINATION OF PHONE.COM AND SOFTWARE.COM
Company Emerges as the Leading Provider of Open Internet-based Software for Communication Service Providers WorldwideREDWOOD CITY, Calif. November 20, 2000 Openwave Systems Inc. (Nasdaq: OPWV), the new name for the powerful combination of Phone.com and Software.com, was launched today, marking an event that brings together two leading innovators. The two companies tremendous track records for industry leadership and product innovation combine to create the leading provider of open Internet-based communication infrastructure software and applications.
Openwaves customers are Communication Service Providers (CSPs) worldwide, including wireless network operators, wireline carriers, Internet Service Providers (ISPs), portals, and broadband network providers. Openwaves products enable CSPs to create a new Internet business model by offering more innovative services to consumers and enhancing the breadth of their customer relationship. Openwave serves over 150 communications service providers with an aggregate of over 500 million subscribers. Openwave has a broad portfolio of products, including wireless Internet infrastructure and browsers, unified messaging, mobile email, directory services, voice processing, synchronization and instant messaging.
Openwave is committed to building and maintaining strong partner relationships that lead to satisfied customers. As an integral part of our cooperative ecosystem, we partner with established industry leaders who share our mission to enable communication service providers to transform their businesses by harnessing the true power of the Internet. Our focused partner efforts include programs for Strategic Alliances and Platform Partners, Resellers and Developersall designed to create new business opportunities, foster innovation, and accelerate market growth.
With more than 1700 employees and 27 offices in 15 countries around the world, Openwave has an unprecedented opportunity to help drive a revolution in communications.
Openwave empowers communication service providers to create new Internet-based business models, derive new revenue streams and transform relationships with their customers, said Don Listwin, president and chief executive officer of Openwave. The next wave of communication is not about PCs versus appliances, or short-messaging versus the mobile Internet. It is about connecting people with what is important to them anywhere, anytime, over any device. It is communication without limits.
As previously announced, the combined company will hold an investor conference call on Monday, November 20, at 7:45 a.m. Eastern Time to provide an update on merger integration, as well as financial guidance and operating metrics for the combined company. There will be an investor slide show and metrics worksheet available for download from the Investor section of our new website at http://www.openwave.com. A webcast of the call and replay will also be available from the Investor section of our new website at: http://www.openwave.com.
Openwave will being trading on the Nasdaq stock exchange, today, November 20, under its new ticker Nasdaq:OPWV. Openwave president and chief executive officer, Don Listwin, will open trading on Nasdaq this morning. Both Phone.com and Software.coms two existing tickers, Nasdaq:PHCM and Nasdaq:SWCM will be replaced by Nasdaq:OPWV.
Openwave Systems Inc. (Nasdaq: OPWV), the combination of Phone.com and Software.com, is the worldwide leader of open Internet-based communication infrastructure software and applications. Openwave is a global company headquartered in Redwood City, California. For more information, please visit www.openwave.com.
For more information please contact:
Openwave Systems, Inc.
Openwave Systems, Inc.
+1 (415) 369 8102
Openwave (Europe) Limited
Bite Communications Ltd.
+44 20 8600 6729
Openwave Japan K.K.
Phone.com Japan K.K.
+81 3 5325 9703