OWINGS MILLS, Md.-Aether Systems Inc. is acquiring NetSearch L.L.C., a wireless e-commerce provider, for $25 million in cash at closing and up to an additional $654 million payable over 13 months if NetSearch meets certain revenue targets.
Aether said it wanted to gain access to NetSearch’s Merchant Notification System, a wireless alert solution that enables companies to wirelessly receive and respond to online inquiries via Research In Motion Ltd. devices on the BellSouth Wireless Data L.P. network. Aether said it plans to extend the system to other wireless networks.
