REDWOOD SHORES, Calif.-Mbrane, which provides solutions that wirelessly extend enterprise information systems, announced it will acquire Veriprise Corp. in a purchase of assets acquisition for 1,500 shares of convertible junior preferred stock, convertible into 1.5 million shares of common stock.
“Mbrane’s acquisition of Veriprise leverages marketplace consolidation to dramatically accelerate our long-term objective of becoming the industry standard for enterprise-class mobilization,” said Mbrane’s Chief Executive Officer Scott Broomfield.
“Ultimately,” he added, “the mobility market will be dominated by a few strong players and the combination of Mbrane and Veriprise will be one of them.”
The sale is expected to close in May of this year.
