SAN JOSE, Calif.-Synchronization company Pumatech Inc. solidified its role as one of the industry’s consolidators with the announcement it would acquire the assets of Loudfire Inc., which offers Internet and wireless access to Microsoft Outlook.
Terms of the deal were not disclosed.
“This acquisition will provide Pumatech with another strategic building block as we move to broaden parameters of the synchronization market and provide the best possible suite of products and services to enterprises and individual users alike,” said Woodson Hobbs, the company’s president and chief executive officer. “LoudPC, like our acquisition of Starfish before it, is a dynamic technology that will enable our users to gain access to critical data in a variety of ways.”
The company’s stock was up about 9 percent to $3.66 per share following the news.
Pumatech recently acquired rival synchronization company Starfish Software from Motorola Inc.
