@Road Acquires Assets of Blue Wireless; Acquisition Adds Core Technology to Existing Voice-Enabled Mobile Resource Management Services.Business Editors @Road(SM) (Nasdaq:ARDI ARDI Association Rwandaise pour la Promotion du Développement Intégré (French) ARDI Accounts Receivable Dollar Inventory ARDI Action Rwandaise pour le Developpement Integre ARDI Annually Renewable Disability Income ), a leading provider of location-enhanced wireless Internet solutions for mobile resource management (MRM MRM Marketing Resource Management MRM Mobile Resource Management MRM Metabolic Response Modifiers MRM Multiple Reaction Monitoring (mass spectrometry) MRM Mormonism Research Ministry MRM Mechanically Recovered Meat ), today announced the acquisition of the assets of Blue Wireless(R), Inc. Blue Wireless provides voice portal An interactive voice response (IVR) front end to a data retrieval system. This does not differ in core technology from traditional IVR; rather, the difference is in the application presented. Where old-style IVR was mostly a routing application (press 1 for sales, 2 for service, etc. and adaptive personalization Custom tailoring information to the individual. On the Web, personalization means returning a page that has been customized for the user, taking into consideration that person's habits and preferences. technologies that enhance wireless data and voice-activated services. The acquisition closed in June 2002. Under the terms of the agreement, @Road acquired several patent pending technologies, intellectual property and employees for cash consideration. @Road does not expect the cost of the acquisition to have a material impact on the company's financial results. "@Road is committed to offering valuable and innovative mobile resource management tools to improve the productivity of the enterprise," said Krish Panu, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and president of @Road. "With this acquisition, @Road is in a position to both accelerate the time-to-market of new voice-enabled MRM services and decrease associated costs of development and support." Recently, @Road introduced Voice Solutions, a voice portal technology that enables subscribers to use any phone -- wired or wireless -- to access @Road LocationSmart(SM) services. With this service, @Road subscribers can use simple voice commands to locate mobile workers and send voice messages that recipients view from the @Road Website. Users can also send text messages that are converted to speech and delivered to mobile workers in the field. The acquisition provides @Road with primary technology components needed to develop enhancements to Voice Solutions, such as voice access to detailed activity reports and landmark data. Additionally, @Road intends to integrate the acquired adaptive personalization technology into the Voice Solutions service. With adaptive personalization technology, the @Road LocationSmart technology platform could intuitively develop a subscriber profile based on the subscriber's use of Voice Solutions. The subscriber would then be provided with its preferred menu choices in a streamlined voice format when the application is used in the future. "@Road is already a leading provider of technology-driven productivity solutions for the management of the mobile workforce. The acquisition of Blue Wireless not only adds to the market leadership of @Road but also facilitates the cost-effective development of future voice-enabled MRM services," concluded Panu. About @Road Based in Fremont, @Road is a publicly held company that provides location-enhanced wireless Internet solutions for mobile resource management. Its patented LocationSmart technology platform combines wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. , positioning and XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. technologies with the Internet into a fully integrated network A network that supports both data and voice and/or different networking protocols. See converged network and new public network. that supports the delivery of location-enhanced wireless Internet services for businesses and mobile professionals. For more information, please visit the company Web site at www.atroad.com. Blue Wireless is a registered trademark of At Road, Inc. @Road, the @Road logo and LocationSmart are trademarks and/or service marks of At Road, Inc. All other trademarks and service marks are the property of their respective owners. Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. involving risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. Potential risks and uncertainties include, but are not limited to, the ability of @Road to successfully integrate the acquired assets into its business, the ability of @Road to successfully develop and market products and services in connection with the acquired assets, the infancy infancy, stage of human development lasting from birth to approximately two years of age. The hallmarks of infancy are physical growth, motor development, vocal development, and cognitive and social development. of the wireless data and voice-enabled services industries where there are no established markets for @Road products and services, dependence of @Road on mobile data systems technology, telecommunications networks A telecommunications network is a of telecommunications links and nodes arranged so that messages may be passed from one part of the network to another over multiple links and through various nodes. , network infrastructure and positioning systems owned and controlled by others, and general economic and political conditions. Further information regarding these and other risks is included in the @Road Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. dated March 28, 2002 and in its other filings with the Securities and Exchange Commission. @Road undertakes no obligation to update the forward-looking statements contained in this press release. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion