Wavecom Acquires NexGen Software, S.A.; Acquisition Brings TCP/IP Capabilities In-House.ISSY-LES-MOULINEAUX, France -- Wavecom SA (PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. :AVM AVM 1 Acute viral meningitis, see there 2 Arteriovenous malformation, see there ) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :WVCM WVCM Workspace Versioning and Configuration Management ) (ISIN Isin (ĭs`ĭn), capital of an ancient Semitic kingdom of N Babylonia. The city became important after the third dynasty of Ur fell to the Elamites and the Amorites (c.2025 B.C.). The phase from c.2025–c.1763 B.C. :FR0000073066), a leader in pre-packaged wireless communications solutions for automotive, industrial (machine-to-machine) and mobile professional applications, today announced its acquisition of NexGen Software, S.A. a privately-held, France-based software company specializing in TCP/IP TCP/IP in full Transmission Control Protocol/Internet Protocol Standard Internet communications protocols that allow digital computers to communicate over long distances. internet software. NexGen Software, S.A. brings to Wavecom its internally-developed TCP/IP (internet) suite of protocol stacks and internet software expertise along with a worldwide customer base of over 100. It represents a strategic acquisition for Wavecom. With it, Wavecom eliminates its reliance on external, third-party, TCP/IP vendors and further strengthens its already extensive software expertise while adding IPs (Internet Protocols) developed exclusively by NexGen Software specifically for machine-to-machine communication. NexGen Software will operate as a wholly-owned Wavecom entity and will continue to develop and market its current portfolio of software products. With an installed base of over 50 million devices, NexGen Software serves customers primarily in the European and Asian regions and from an application standpoint addresses many of Wavecom's target areas. Commenting on this acquisition, Philippe Guillemette, Wavecom Chief Technology Officer said, "This is exactly the type of targeted acquisition that helps us to reinforce our already strong software expertise in all areas of machine-to-machine communication," adding "we intend to completely integrate NexGen Software's internet protocol stack into our growing Open AT(R) software platform and allow NexGen Software to develop and maintain its current product and customer portfolio." NexGen President, Jean-Paul Medina, who has come to Wavecom as part of the acquisition, added, "We are pleased to join the Wavecom team and to work along with them in enhancing the Open AT(R) software platform which is already one of the most complete software platforms for communications solutions. Our respective synergies meet the market needs and bring to it viable solutions to resolve a variety of development issues." NexGen Software was founded in 1999 and operated profitably in 2005. The acquisition is a cash transaction of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 400,000. 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 See IDE. integrated development environment - interactive development environment (IDE) along with a market-leading range of Wireless CPUs (Central Processing Units See CPU. (architecture, processor) central processing unit - (CPU, processor) The part of a computer which controls all the other parts. Designs vary widely but the CPU generally consists of the control unit, the arithmetic and logic unit (ALU), registers, temporary buffers ), 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 (Application Specific Integrated Circuits) and components. Founded in 1993 and headquartered in Paris, Wavecom has subsidiaries in Research Triangle Park Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , NC (USA), San Diego (USA), Hong Kong (PRC) and Darmstadt (Germany). Wavecom is publicly traded on Euronext Paris (Eurolist) in France and on the NASDAQ (WVCM) exchange in the U.S. www.wavecom.com This press release contains forward-looking statements that relate to the company's future business performance, operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. and financial results and objectives. Such forward-looking statements are based on the current expectations and assumptions of the company's management only and involve risk and uncertainties. Potential risks and uncertainties include, without limitation, whether the company will be commercially successful in implementing its strategic reorientation Noun 1. reorientation - a fresh orientation; a changed set of attitudes and beliefs orientation - an integrated set of attitudes and beliefs 2. reorientation - the act of changing the direction in which something is oriented , whether there will be continued growth in the vertical markets and demand for the company's products, an unanticipated decrease in orders from one of the company's principal customers or customer cancellation or scale-down of a major project, the company's reliance on a single contract manufacturer in China for all production requirements, dependence on third parties, changes in foreign currency exchange rates, new products or technological developments introduced by competitors, customer and supplier concerns regarding the company's overall financial position, and risks associated with managing growth. Unfavorable developments in connection with these and other risks and uncertainties described in the Company's reports on file with the Securities and Exchange Commission could cause the company to not achieve the anticipated or targeted performance or results. As a consequence, the Company's actual performance and results may be materially different from those expressed by the forward-looking statements above. |
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