VANCOUVER, British Columbia-Wireless enterprise company Infowave Software announced it acquired all of the intellectual property assets of Sproqit Technologies Inc., which offered a mobile application platform for users to access wireless e-mail and other information.
Under the terms of the acquisition agreement, Infowave will acquire all of the intellectual property of Sproqit and in consideration will issue to Sproqit 4,038,550 common shares of Infowave.
“By combining the innovative solution of Sproqit with Infowave’s suite of wireless e-mail and data solutions, we further expand our value proposition to network operator, OEM and enterprise customers,” said Sal Visca, Infowave’s chief technical officer. “Leveraging the intellectual property and strong development team of Sproqit, Infowave will accelerate our product development in order to further capitalize on our market opportunity.”
The acquisition is just the latest in a string of such deals in the wireless enterprise market.
