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PalmSource Completes Acquisition Of China MobileSoft
February 3, 2005 |
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PalmSource (PSRC) has completed its acquisition of China MobileSoft.
China MobileSoft (CMS) is a Chinese mobile phone software company with business operations headquartered with its wholly owned subsidiary, MobileSoft Technology (Nanjing), in China. CMS provides mobile device manufacturers and original design manufacturers (ODM) complete, integrated software platforms and user-friendly applications for the Chinese market. CMS currently has 10 licensees shipping CMS software on over 30 phone models in China.
Jiping Wang will continue as CEO of the acquired company and will report to David Nagel, PalmSource president and CEO. In addition, Madeline Duva, CEO of China MobileSoft, joins PalmSource as vice president, silicon and ODM partners, and John Ostrem, founder, chairman and CTO of China MobileSoft, joins PalmSource as lead scientist.
PalmSource acquired CMS as part of its strategy to further extend the Company's leadership as a software provider for phones and mobile devices worldwide. The combination of Palm OS and CMS's software products is expected to enable PalmSource to provide one of the broadest lines of mobile software in the industry, powering mobile phones at all price points in all regions of the world. Over time, PalmSource expects to leverage the work CMS has done with Linux to provide a new version of Palm OS based on Linux. The Company will continue to support the Palm OS Garnet and Palm OS Cobalt operating system software lines.
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