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Sybase announced that it completed the acquisition of Mobile 365 Inc in an
all-cash transaction valued at $417 million. Net of acquired cash, the
transaction is valued at $397 million. Mobile 365 will now operate as Sybase
365, a wholly owned subsidiary. Marty Beard, Senior Vice President-Corporate
Development and Marketing, Sybase, will lead the new subsidiary as President.
The Sybase mFolio business will be integrated into Sybase 365 immediately, and
certain assets of Sybase AvantGo will be integrated into Sybase 365 early in
2007. “Our acquisition of Mobile 365 is strategic, visionary and progressive
in scope,” said John Chen, Chairman, CEO and President, Sybase.
DQC NEWS BUREAU Page(s) 1
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