Stockholm and Oslo June 15, 2004 Aptilo Networks and Birdstep Technology to merge their Public Wireless LAN activities
Swedish Aptilo Networks acquires the IP Zone division of Norwegian Birdstep Technology to establish a leading Public Wireless LAN software company. The merged company will operate as Aptilo Networks with Birdstep Technology as a major shareholder. The transaction creates a company that will be the leading global force within Public Wireless LAN systems. Aptilo Network�s and Birdstep�s product portfolios are built on the same architectural platform. Customers of the two companies can expect better and broader product capabilities. Although the companies share the same business philosophy, their customer bases do not overlap, creating strong offerings for the Enterprise, Public Hotspots and general Broadband markets. The merger will give Aptilo enhanced capabilities to accelerate its future growth strategy and sales in Europe, Americas and Asia, and ensuring that Aptilo continues to deliver world-class PwLAN-systems, ahead of the competition. The combined company will have a significant installed base with customers like Vodafone, T-Mobile, Telekom Malaysia, Tele2 and Telenor and strong partners such as HP, Intel, Nortel and Capgemini. After the transaction the combined company will be valued at SEK 265 million (�28 million). Subject to satisfactory due diligences and approvals of final terms and conditions Aptilo will acquire the assets of Birdstep�s IP Zone division. Birdstep will become a major shareholder of Aptilo after the transactions. The transaction is scheduled to close in July 2004. For further information, please contact CEO: J�rgen Bredesen, Birdstep Technology ASA , + 47 4825 2584 EVP: Hans Arne L�orange, Birdstep Technology ASA + 47 9242 6437 CEO: Torbj�rn W�rd, Aptilo Networks AB , + 46 8 5089 8903 CFO: Ulf Stigberg, Aptilo Networks AB, + 46 8 5089 8910 About Aptilo Networks Aptilo Networks develops system solutions for PWLAN (Public Wireless LAN), also referred to as hotspots or Wi-Fi areas. The solution enables wireless Internet access at public venues and places such as hotels, coffee shops, airports and conference centres. Aptilo Networks' solution is designed and developed to meet the needs of telecom operators, ISPs and other service providers providing professional, carrier-class access, and public WLAN services. The company is based in Stockholm, Sweden, with regional offices in Kuala Lumpur, Malaysia and Dallas, in Texas, USA. Aptilo systems are up and running in 30 countries on five continents For more information see www.aptilo.com About Birdstep Technology Birdstep Technology is traded on the Oslo Stock Exchange (OSE) under ticker 'BIRD�. The company has headquarters in Oslo and Seattle in addition to offices in London, Cambridge, Frankfurt, Boston, San Francisco and Shanghai. Birdstep�s small footprint, high performance database technologies combined with its wireless roaming and access software enables companies to build innovative solutions for embedded systems and the Mobile Internet. Birdstep makes your information accessible anytime, anywhere, on any device and on any infrastructure. Birdstep�s global customers include 3Com (COMS), VERITAS (VRTS), Harman Becker Automotive Systems, HP (HPQ), Accenture (ACN), Telenor (TELN), PCTel (PCTI), Connect One and the National Stock Exchange of India. For more information see www.birdstep.com [Non-text portions of this message have been removed] ------------------------ Yahoo! Groups Sponsor --------------------~--> Yahoo! Domains - Claim yours for only $14.70 http://us.click.yahoo.com/Z1wmxD/DREIAA/yQLSAA/5AhqlB/TM --------------------------------------------------------------------~-> ******* Wireless LAN Weblog - WLAN Forum http://www.wireless--lan.com/wlanforum.html Wireless LAN Search http://search.freefind.com/find.html?id=6750665 Wireless LAN Jobs - WLAN Jobs http://groups.yahoo.com/group/wlanjobs/ Top WLAN Sites http://topsitelists.com/topsites.cgi?ID=1&user=wirelesslan&area=bestsites Wireless LAN Books http://www.stockhelp.net/bluetoothbooks.html If you got this from someone else you can join at http://groups.yahoo.com/group/wirelesslan/ or mailto:[EMAIL PROTECTED] To unsubscribe: mailto:[EMAIL PROTECTED] Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/wirelesslan/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
