Wireless Messaging Software Co. Semotus To Buy Clickmarks
June
21, 2005
Wireless enterprise software company Semotus Solutions Inc. said it will buy Clickmarks Inc. in a stock swap. Terms were not disclosed.
Clickmarks, based in Fremont, Calif., has developed software for Web and wireless application development and has a roster of clients including Vodafone Group PLC, Unisys Corp., Sun Microsystems Inc. and Verizon Communication Inc.'s Verizon Wireless.
Tali Durant, corporate counsel for publicly traded Semotus, said Clickmarks' technology is a good fit with Semotus' software, which helps employees access critical systems wirelessly. In particular, Semotus' HipLink software alerts employees wirelessly when network problems arise and enables them to interact with enterprise systems when away from the desktop.
Clickmarks, which generated $1.75 million in revenue in 2004, is expected to become a subsidiary of Semotus when the acquisition closes, expected later this month. Durant said Semotus expects to make no staff reductions at Clickmarks and Umair Khan, Clickmarks' current chief executive, will continue to lead the division.
Draper Fisher Jurvetson ePlanet Ventures, RB Webber & Co., Vodafone Ventures, Mitsubishi Corp., Nippon information Technology Consulting, Ltd., the Refco Group, New Millennium Capital, Wilson Sonsini Goodrich & Rosati, Entrust Technologies Inc. and Dot Edu Ventures have invested in Clickmarks.
About Semotus Solutions
Founded in 1993, Semotus Solutions (AMEX:DLK) is the premier provider of software for the mobile enterprise, connecting employees to critical business systems, information and processes. Semotus has a Fortune 1000 installed customer base and more than 600 corporate clients including Lockheed Martin, Blue Cross Blue Shield, Coca-Cola, Hewlett Packard, Nextel Communications, JP Morgan-Chase, and The United Nations. Semotus Solutions’ software provides mobility, convenience, efficiency and profitability in the areas of workforce automation, finance, healthcare, and m-commerce. (www.semotus.com) (www.hiplinkxs.com)
About Clickmarks, Inc.
Clickmarks is the pioneer of Presentation
Level Integration™ (PLI),
a noninvasive integration technology
that refactors existing applications
into re-usable components that may
be used to create composite applications
for the enteprise. Clickmarks and
its partners use PLI technology
to leverage existing IT investments
in delivering workflow automation,
portal integration, and decision
support solutions to the enterprise.
The company’s products and
solutions have been commercially
deployed at some of the world’s
largest companies, including Vodafone
Group PLC, Unisys, Nippon Information
Technology Corporation, Sun Microsystems,
and Telefonica. Founded in 1999,
Clickmarks (www.clickmarks.com)
is a privately held company backed
by several blue chip investors,
including DFJ-ePlanet, Vodafone
Ventures, Entrust, and Mitsubishi
Corporation.
The
company is headquartered at
718 University Avenue # 202
Los Gatos CA 95032
V (408) 399-6120
F (408) 395-5404
Web site:www.clickmarks.com
For more information, please contact:
Dodi Handy, President and CEO
Elite Financial Communications Group
Tel: 407-585-1080
E-mail: dlk@efcg.net |
