Software provider Seven Networks Inc. announced it has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock, to be sold by both the company and selling stockholders. The company also announced Kent Thexton will join as president and co-chief executive officer on April 1. Thexton joins from O2 where he served as chief data and marketing officer, president of O2 Online and member of the board. Finally, the company said it has signed an Australian value-added reseller agreement with Hewlett-Packard Australia through which HP will act as a systems integrator, hardware and managed services partner for Seven, and will deliver Seven’s mobile e-mail software to operators in Asia-Pacific.
Dobson Communications Corp. declared a cash dividend on its outstanding 12.25-percent senior exchangeable preferred stock. The dividend will be payable on April 15, 2004, to holders of record at the close of business on April 1, 2004. Shareholders of the stock will receive a cash payment of about $30.97 per share held on the record date. The dividend covers Jan. 15 to April 14, 2004.
Wireless network performance solution provider Optimi and research engineering and advanced software product provider TarTec have merged and will continue business under the Optimi name. “By merging with TarTec we achieve several strategic advantages. TarTec’s 70 highly trained engineers will greatly expand our research and product development capabilities as well as meet the requirements of our growing customer base,” explained David Bagley, chief operating officer of Optimi. “Additionally, by merging with TarTec we significantly expand our ability to support the European mobile market.” The merger follows Optimi’s recent acquisitions of Agilent’s wireless product division WIZARD and network optimization provider RF Consulting.
