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NEWS FLASH
2000 - 46 (Dec. 2000) ACQUISITIONS, MERGERS & AGREEMENTS Aether Systems Acquires RTS Wireless to Broaden Products and Services to Carriers and ISPs Aether Systems Inc. hopes that its recent acquisition of RTS Wireless, a developer of software connecting the Internet to wireless devices, will round out its product and service offerings to carriers and ISPs. Signing a definitive agreement to purchase the New York-based company, for $111-million in stock and cash, Aether Systems will be able to leverage a host of new products and resources.
"The RTS Advantage System brings new capabilities that fit perfectly into our product roadmap as we build a complete mobile computing platform," said Aether’s chairman and CEO Dave Oros. "And, the engineering resources we gain, when combined with out existing base of 350 world-class wireless engineers, gives Aether an outstanding concentration of talent." For more information: www.aethersystems.com/press/detail.asp?id=224Mobileinfo Comments and Advisory: Aether Systems continues to consolidate and broaden its service offerings. MobileInfo thinks that Aether is here to stay as a significant player in wireless application industry. This acquisition will help it in this effort. Note: This news release may contain forward-looking statements. Readers should take appropriate caution in developing plans utilizing these products, services and technology architectures. All trademarks used in this summary are the property of their respective owners. NEWS
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