Qualcomm to acquire mobile software and test services provider
18 Aug 2006
Mumbai: Leading developer and innovator of CDMA and other wireless technologies, Qualcomm Incorporated (Nasdaq: QCOM), today announced that it would acquire San Diego-based Qualphone Inc., a leading provider of IP-based multimedia subsystems (IMS) embedded client software solutions for mobile devices and interoperability testing (IOT) services.
Qualcomm will pay approximately $18 million in cash for Qualphone.
The acquisition of Qualphone's products and resources will help Qualcomm further accelerate the delivery of multimedia-capable, feature-rich 3G solutions on top of the emerging IMS and Multi Media Domain (MMD) architectures to WCDMA / UMTS and CDMA2000 markets. Completion of the acquisition is expected later this month.
According to Dr Sanjay K Jha, president, Qualcomm CDMA Technologies, "Qualcomm is strongly committed to enabling 3G wireless for worldwide markets and we look forward to leveraging Qualphone's test service, IMS technology and software development resources to accelerate the delivery of attractive and more feature-rich devices to subscribers in European and other markets."
Qualphone's IMS client platform provides mobile operators with a technical and commercial framework for offering services using a wide range of integrated and interactive media, voice, text, picture and video technologies. Qualphone's 3G / IP multimedia embedded client framework can be tailored to the specific requirements of individual operators and handset manufacturers, and its end-to-end IOT services help reduce time to market. Qualcomm's acquisition of Qualphone enhances the Company's continuing global efforts to provide a highly efficient launch path for new 3G products and services.