Smith Micro Software, Inc. (NASDAQ: SMSI) has signed a definitive agreement to acquire Birdstep Technology´s (OSO: BIRD) software development and marketing arm, based in Stockholm, Sweden, the company said.
The agreement is subject to approval by Birdstep shareholders and is expected to close on or around April 1, 2016.
The all-cash transaction will add substantial technical resources, including engineers fully trained in wireless connectivity technology, to support the growth of Smith Micro´s business, and enables the company to expand its market presence and customer base in APAC and EMEA.
Birdstep provides wireless network optimization solutions that allow operators and OEMs to provision, analyze, select, control, and commercialize Wi-Fi and cellular networks. Based in Stockholm, with offices in Kuala Lumpur and Kansas City, Birdstep generated revenue of approximately USD6.8 million in its fiscal year ended December 31, 2015, based on unaudited financial results.
Smith Micro provides software to simplify and enhance the mobile experience. Our network access, insights, and optimization solutions ensure the best Quality of Experience for wireless users, while embedded mobile software creates new opportunities for wireless service providers and B2C businesses to engage with consumers via smartphones.