Palm Acquires Actual Software Corp

Palm Inc. today announced a definitive agreement to purchase Actual Software Corporation of Andover, Mass. Actual Software makes the popular and robust Palm email program, MultiMail Pro. Users can expect to see solutions from Palm that include various MultiMail products over the coming months. This is Palm's second acquisition as an independent company following last week's announcement of Palm's agreement to acquire Internet-calendar leader Anyday.com.

"Palm is committed to delivering robust, industry-leading communications capabilities to our customers," stated Alan Kessler, chief operating officer, Platform and Products, for Palm, Inc. "This acquisition brings Palm not only world-class e-mail clients and conduits today, but also some of the industry's top talent and engineering expertise to help us drive the development of next-generation handheld mail and messaging solutions."

Kessler added, "The acquisition accelerates our momentum in offering customers significant improvements in handheld computing and communications capabilities, whether through our own technology development, acquisition, or combinations of both. We will continue to raise the bar and build on our leadership in this fast-growing market."