NMS Communications today announced the acquisition of Openera Technologies. Openera will become an integral part of NMS’s Mobile Applications business. I wrote about Openera back in December. They make IMS mobile client applications for both fixed and mobile operators, and in fact launched a P2P video sharing application when last we spoke. This is good news for the whole Openera team - I'd like to congratulate Joel Hughes, Openera CEO on yet another success. My feeling is he just really likes his NMS business cards. ;) Completion of the transaction is expected to occur within the next few weeks, for consideration of $16.4 million in stock, approximately 51 percent of which is contingent upon the continued employment of key employees of Openera over the 30-month period following the closing. A conference call will be held on Tuesday, February 14, 2006 at 11:00 am ET to discuss the details of the announcement. The call will be available live via the Internet by accessing the NMS Web site under the Investor Relations section. For more information, check out the Openera or NMS Communications Web sites.
NMS Acquires Openera
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