from the October 2006 issue

Lucent to Buy Software Company Mobilitec

Telecom equipment maker Lucent Technologies Inc. said it agreed to buy Mobilitec, a provider of content management software, for an undisclosed cash amount.

Lucent, which itself has agreed to be acquired by French telecom equipment company Alcatel, said the deal strengthens its platforms supporting video, voice, data and multimedia applications, allowing more services for mobile and broadband users.

Privately held Mobilitec is based in San Mateo, Calif. The deal is expected to close by the end of the year. Alcatel's acquisition of Lucent is also set to close by year-end. The value of the deal is estimated at $75m.

Mobilitec was founded in 2000 by Ophir Holder, Yoad Gidron, and Haim Teichholtz. Its headquarter are in California, and it has a development center in Israel. The company has developed a content platform via which mobile telephony operators sell integrated mobile content, including ring tones, games, music and videos. Its mPower platform works on a special global standard developed by Sun Microsystems for mobile handsets, J2ME. The standard enables the transmission of dynamic content to mobile handsets on demand. Lucent has made several acquisitions in Israel, the largest of which was of Chromatis, which Lucent bought six years ago in a deal valued at $4.8 billion at the time the agreement was signed. It eventually closed the company down.

Reprinted from the Israel High-Tech & Investment Report October 2006

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