IntoMobile,Purple Labs acquires Openwave’s mobile browser business,

French developer of Linux-based mobile software, Purple Labs, announced that it has completed its acquisition of the mobile client software business of Openwave Systems for about million.

Under the terms of the deal, Purple Labs has acquired the products, software code, patents and customer contracts of the Openwave business. The Linux mobile software developer will continue to invest in the browser and related technologies.

For the quarter ending in March, Openwave had reported .1 million in revenues from software license fees and related engineering services. Openwave's browser and messaging products are among the best-selling mobile applications in the world, having already shipped in more than 1.5 billion mobile phones.

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