Intellisync To Be Acquired By Nokia
Intellisync Corporation announced today that Intellisync has signed a definitive agreement to be acquired by Nokia. Intellisync stockholders will receive USD 5.25 per share in cash for each Intellisync common share making the deal worth about $430 million.
This acquisition, which is subject to customary regulatory approvals and the approval of Intellisync’s shareholders, underscores Intellisync’s position in the mobile industry and its leadership in the carrier and enterprise markets in providing multi-device, multi-platform wireless software, mobile applications and synchronization. The acquisition of Intellisync supports Nokia’s goal to be the leader in enterprise mobility and enhances the ability of its customers to connect devices to data sources, applications and networks.
Intellisync has been at the forefront in enterprise mobility applications and device mobility with its wireless messaging software and delivers some of the largest deployments of wireless email and mobile software over the widest array of devices and application platforms across enterprises and carrier networks all over the world. Intellisync technology allows for synchronization of data and files with high levels of accuracy and security across some of the most complex software applications. Over the past few years Intellisync has created a leading brand in the mobile software market with an award-winning wireless portfolio.
Building on the recent launch of Nokia Business Center, a software solution enabling push email and other collaborative business applications, this acquisition underscores Nokia’s commitment to be the leader in enterprise mobility. With Intellisync, Nokia will be able to offer its customers the ability to connect practically any device to any data source, application, or network, empowering companies as they make mobility a de facto way of doing business.
“This agreement recognizes the key roles that Intellisync and our people play in the mobile market, and reflects the power of our brand, our products, our team and our technology,” said Woodson ‘Woody’ Hobbs, president and chief executive officer of Intellisync. “Our combined teams will present the most compelling mobility offering to enterprises and carriers all over the world. With a platform-independent and device-agnostic mobile software offering, Intellisync has long been committed to delivering on the mobility needs of wireless carriers and enterprises, and we’ve built a leadership brand in the mobile marketplace. Intellisync’s market leadership in platform-independent push email, device and systems management, mobile application deployment, integrated messaging, data and file synchronization, and mobile security is validation of the company’s success with carriers and enterprise customers alike.”
The acquisition is expected to be completed within three to four months, pending regulatory approval, other customary closing conditions and the approval of Intellisync’s shareholder.
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