Monday, March 19, 2018

Enea acquires Openwave Mobility

Enea AB completed its acquisition of Openwave Mobility, a company offering a scalable NFV platform for mobile operators. The acquisition price was approximately US$90 million.

Openwave Mobility is headquartered in California and generated preliminary adjusted revenues of approximately US$27 million in 2017 and an EBIT of US$ 3 million.

ENEA said the acquisition expands its portfolio and addressable market.

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