Persistent buys Openwave's location biz

Disclaimer: Information presented on this site is a guide only. It may not necessarily be correct and is not intended to be taken as financial advice nor has it been prepared with regard to the individual investment needs and objectives or financial situation of any particular person. Stock quotes are believed to be accurate and correctly dated, but does not warrant or guarantee their accuracy or date.
Our site takes no responsibility for any investment decisions based on recommendations provided on website.
Google Adsense Ads are posted on every page of the website so visitors clicking on Ads and going to those links and carrying any financial deal is not at all related to to our website and any financial deal should be done on their own sole responsibility.

Persistent Systems, a player in outsourced software product development (OPD) services, said that through its US subsidiary, has acquired the location business from Openwave Systems Inc. but the terms of the transaction were kept undisclosed.

“We are excited to acquire Openwave’s Location business. Persistent has a decade long relationship with Openwave that has culminated in this transaction," said Anand Deshpande, chairman and managing director and CEO, Persistent Systems.