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