25th Oct 2007 07:01
Synchronica PLC25 October 2007 25 October 2007 Synchronica PLC ("Synchronica" or the "Company") Acquisition of Assets Further to our announcement of 17 August 2007, Synchronica plc (AIM: SYNC.LN),the mobile synchronisation and device management company, announces that it hasexercised its option to acquire substantially all intellectual property (IP)assets and license contracts of David Rauschenbach t/a GoodServer, a provider ofe-mail enablement and integration technologies. As previously stated, Synchronica bought an option to 31st October 2007 (the"Call Option") to acquire the IP assets. The consideration for the Call Optionwas £75,000 satisfied in cash. Synchronica has now exercised the Call Option fora consideration of £125,000 payable in cash plus £300,000 payable in 3,870,968new ordinary shares of 1p each at a price of 7.75p per share ("ConsiderationShares"). The Considerations Shares, which will rank pari passu with theexisting ordinary shares, are expected to commence trading on 31 October 2007. The IP acquired is an integral part of Synchronica's Mobile Gateway, the PushEmail and synchronisation solution, enabling mobile email for mass-market mobilephones. Under the terms of the agreement, Synchronica will be the sole owner ofGoodServer's IP and will have the benefit arising from all licenses previouslygranted. Licensees of GoodServer's IP include industry players such as NokiaIntellisync, AxisMobile, Teamware, Cisco and others. Carsten Brinkschulte, CEO of Synchronica said: "This acquisition marks anotherimportant step for Synchronica. We have substantially strengthened and securedour intellectual property position and no longer depend on any third partieswhen licensing our products. Our recent deals with Sun Microsystems Inc andSmartTrust AB have verified that our intellectual property is one ofSynchronica's key assets which can lead to substantial business for the Company.We intend to continue and develop the relationship with existing licensees ofGoodServer's IP and to offer licenses to other major players in the industry". Enquiries: Synchronica plcCarsten Brinkschulte, CEO +44 (0) 1892 552 799 +44 (0) 7977 256 406Angus Dent, CFO +44 (0) 1892 552 760 +44 (0) 7977 256 347Nicole Meissner, CMO +44 (0) 1892 552 780 +44 (0) 7977 256 412 Seymour Pierce Limited David Newton, Parimal Kumar +44 (0) 20 7107 8000 Corfin CommunicationsHarry Chathli, Alexis Gore +44 (0) 20 7977 0020 About Synchronica Synchronica plc develops and markets industry standard synchronisation anddevice management solutions for mobile operators, device manufacturers, andenterprises. Its product portfolio ranges from data synchronization (DS) todevice management (DM) and firmware update over the air (FOTA). Products includethe mobile device management suite Mobile Manager and the Push Email andsynchronization solution Mobile Gateway. Headquartered in the UK with adevelopment centre in Germany, and offices in Hong Kong, US and Dubai.Synchronica plc is a public company traded on the AIM list of the London StockExchange (SYNC.LN). More information is available at www.synchronica.com. About Synchronica Mobile Gateway Synchronica's Mobile Gateway is a carrier-grade middleware solution providingpush e-mail and synchronisation services. Based on the open industry standardsSyncML and IMAP, Mobile Gateway is compatible with a wide range of mobiledevices from leading device manufacturers, such as Nokia, Sony Ericsson,Motorola, and Apple, without requiring additional client software to beinstalled on the device or behind the firewall. Today more than 400 devicemodels and 1.3 billion devices support the industry standard. Synchronica offers Mobile Gateway to operators, device manufacturers, andenterprises, enabling their mobile users to send and receive email from consumermailboxes (AOL, Gmail, and others), as well as to synchronise their calendar andcontact data with business systems like Microsoft Exchange, Lotus Domino, andSun Java Communications Suite. About GoodServer GoodServer, founded by David Rauschenbach in 1996 is a provider of e-mailenablement and integration technologies. Key products include IMAP4 Server SDK,POP3 Server SDK and SMTP Server SDK which provide complete implementations ofthe dominant industry standard protocols used to send and receive Email and AGMSwhich is GoodServer's second-generation e-mail middleware server and integrationplatform. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Syncona