PHONE.COM TO ACQUIRE ONEBOX.COM's Internet-Based Unified Messaging to Extend and Accelerate's Offerings of Powerful Internet Communications Applications, Inc. (Nasdaq:PHCM) a leading provider of mobile Internet software and services, today announced it has signed a definitive agreement to acquire, Inc. for approximately $850 million in common stock. Headquartered in San Mateo, California, is a leading communications application service provider with 2.5 million registered users worldwide utilizing unified email, voicemail, fax, and wireless-enabled communication applications.'s suite of applications will be integrated with's offerings and will be delivered as outsourced solutions or standalone products to telecom and Internet-based service providers worldwide.

" has successfully created the leading Internet-based application platform for wireless telecommunications," said Alain Rossmann, chairman and chief executive officer of "We now significantly broaden our target markets and product offerings with's advanced Unified Messaging applications. Together we will provide telecom and Internet-based service providers a time-to-market advantage in deploying the next-generation killer applications as the convergence of the Internet and wireless telephony accelerates. I am pleased to welcome's experienced team to, and to announce that's chief executive officer, Ross Bott, will join as chief operating officer for our product groups."

"The demand for unified messaging solutions is robust, as evidenced by's success in adding 2.5 million subscribers in just six months," said Ross Bott, chief executive officer of "Users enjoy universal access to email, voicemail, and faxes from their phone, Internet-connected PC, or browser-enabled mobile phone.'s offerings combined with's extensive footprint of over 50 wireless operators and powerful sales channels should accelerate the deployment of these advanced unified messaging solutions. I am delighted to assume my new responsibilities at"

Based on a highly scalable and reliable IP infrastructure, has designed its architecture to deliver high-quality carrier class services that scale to support millions of subscribers and to support future innovations in communications technology. will offer's applications by providing state-of-the-art unified messaging solutions as an outsourced service or as standalone products. This choice gives telecom and Internet-based service providers the ability to rapidly deliver the messaging services consumers demand.

"Over the past two months we have executed a strategy to acquire the best-of-breed applications for next-generation communication services," said Alan Black, chief financial officer of "With the acquisition of @Motion, Paragon, and now, has raised the bar yet another level and has re-written the competitive landscape in the wireless Internet industry. In addition to strengthening our competitive position at the infrastructure level, we have now leapfrogged our competitors at the applications layer. These acquisitions expand our target markets and are expected to fuel revenue acceleration."

In connection with the acquisition,'s shareholders will receive a fixed number of approximately 6.5 million shares of common stock. The stock-for-stock transaction will be accounted for using purchase accounting and closing is anticipated to occur during's fourth quarter of fiscal 2000. The acquisition is subject to customary closing conditions and regulatory approval. Integration of the two companies and their products is expected to occur rapidly.'s 70 employees will be fully integrated into

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