AvantGo Aquired by Sybase for $38M
Sybase, a enterprise infrastructure and integration company, and AvantGo, today announced that they have signed a definitive agreement for Sybase to acquire AvantGo in a cash merger valued at approximately $38 million. Sybase intends to operate AvantGo under its iAnywhere Solutions subsidiary. The acquisition is expected to be completed during the first quarter of 2003.
Also, AvantGo has made a beta version of it's Palm OS 5 software available for download.
"This acquisition teams the common vision and technologies of two m-Business leaders," said Terry Stepien, president, iAnywhere Solutions. "Building on our mobile database leadership, this union will enable iAnywhere Solutions to fuel new growth and pioneer innovative solutions in the emerging mobile middleware market."
"We are impressed by the commitment of the Sybase and iAnywhere Solutions management teams to drive opportunities for our mobile enterprise products and the My AvantGo service around the world," said David Pratt, president and CEO, AvantGo. "We believe there is a strong future for our products, customers, partners and employees with Sybase's significant global strength and resources."
Following the completion of the acquisition, iAnywhere Solutions plans to:
- Open iAnywhere Solutions' leading mobile database to a new audience -- enterprise Web developers.
- Expand the global enterprise reach of AvantGo's products and applications through Sybase's worldwide channels and robust partner base of more than 700 embedded database partners.
- Build on the momentum and brand awareness of the My AvantGo service, which currently has more than seven million registered users.
The acquisition is subject to customary closing conditions, including approval of AvantGo's stockholders. All executive officers and board members and certain affiliates holding approximately 25% of AvantGo's outstanding shares have entered into agreements with Sybase to vote their shares in support of the merger.
About Sybase, Inc.
Sybase pioneers software that integrates platforms, databases and applications. Sybase solutions create Information Liquidity -- transforming data into economic value. With Sybase, companies can attain maximum value from their data assets by getting the right information to the right people at the right time. For more information, visit the Sybase Web site.
AvantGo Beta for Palm OS 5
AvantGo has also just released a beta version of their popular web client for Palm OS 5 powered devices. The beta version represents a major rewrite of the software for OS 5. AvantGo is a online and offline web browser, that lets users sync a large variety of online content to their handhelds, including sites like PalmInfocenter. It has a long list of new features including support for font colors and sizes, bookmarks and syncing content to external storage cards.
Exisiting users can download the client here, new users are encouraged to go through the setup process first to create an avantgo.com account. At this time there is only a windows client and there are known bugs so please read the documentation before installing the application. AvantGo is seeking bug reports and feedback, which can be sent to: firstname.lastname@example.org
Article Comments(16 comments)
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- I got one -Tuckermaclain
- RE: Don't we have this already? -Tuckermaclain
- RE: Palm brand will return in 2018, with devices built by TCL -richf
- RE: Palm brand will return in 2018, with devices built by TCL -dmitrygr
- Palm phone on HDblog -palmato
- Palm PVG100 -hgoldner
- RE: Like Deja Vu -PacManFoo
- Like Deja Vu -T_W