STOCKHOLM, Sweden-Aptilo Networks has merged with Birdstep Technology’s IP Zone division in an effort to further its position as a public wireless local area network software company.
The combined company, reportedly valued at $35 million, will serve the enterprise, public hot-spot and general broadband markets in Europe, the Americas and Asia.
Following the close of the transaction, likely to occur in July, the merged company will operate as Aptilo, with Birdstep serving as a major shareholder.
