Tatara Sells Some Assets

Tatara Systems, an Acton, Mass.-based provider of mobile convergence products for network operators, has sold some of its Mobile Broadband unit assets to Smith Micro Software (Nasdaq: SMSI) for an undisclosed amount. Tatara has raised around $36 million in total VC funding, from firms like Highland Capital Partners and North Bridge Venture Partners.

PRESS RELEASE

Smith Micro Software, Inc. (NASDAQ:SMSI), a leading developer and marketer of software solutions and services for the wireless market, today announced that it has acquired certain assets relating to the Mobile Broadband Business unit of Tatara Systems, Inc. in a cash purchase. These assets include certain intellectual property, patents and technology related to the broadband connectivity space. The acquired products include connection management software and mobility gateway software to support Authentication, Authorization and Accounting (AAA) for carrier deployments. In addition to acquiring the technology, Smith Micro will also attain some of the engineering team responsible for development of these products and services.

 

“With the growth and adoption of broadband mobile subscriptions on a global basis, we continue to expand and enhance our technology solutions,” said William W. Smith Jr., President and CEO of Smith Micro Software. “Tatara also had leading wireless carrier customers that will expand our footprint in North America and Europe and which we will begin serving immediately. The acquisition of this outstanding team of engineers from Tatara Systems Mobile Broadband Group, combined with the gateway technology they’ve developed, will help us to further consolidate our leading position in the connectivity arena.”

 

About Smith Micro Software, Inc.:

 

Smith Micro Software, Inc., headquartered in Aliso Viejo, California, with offices in Europe and Asia, develops mobile connectivity solutions that enable people to connect, share, distribute and manage information over wireless and wired networks. Smith Micro’s complete lines of products are available through Smith Micro’s Wireless, OEM, and Enterprise Sales groups and direct from its websites, retail and value-added resellers (VARs). Smith Micro’s common stock trades on the NASDAQ Global Market under the symbol SMSI. For more information, please visit: http://www.smithmicro.com.