STOCKHOLM, Sweden - July 1, 1999 - Microsoft Corp. today announced that its tender offer to acquire Swedish company Sendit AB, a leading provider of mobile Internet solutions, has been accepted by more than 90 percent of Sendit's shareholders. The acquisition will now be completed, and Sendit will become a wholly owned subsidiary of Microsoft.
With a number of the world's most recognized GSM operators among its clients, Sendit is a world leader in mobile Internet solutions. The acquisition of Sendit will take Microsoft one step closer to its vision of providing software and services that deliver information to everyone any time, anywhere and from any device. With this acquisition, Microsoft is establishing a product development center in the Nordic region for the first time.
"The Nordic countries are establishing themselves as the 'Wireless Valley' of the world," said Mats Wennberg, regional director of Microsoft Nordic. "Microsoft has long recognized the level of competence and technical skills that exist in this region."
The Swedish center will function as a complete business unit within Microsoft's Server Applications team and will receive continued investment in its rapid growth. It will drive Microsoft's business in carrier-based mobile Internet server products.
"Becoming a part of Microsoft opens up a world of new opportunities for us," said Hjalmar Winbladh, CEO of Sendit. "We can combine our core technology and expertise in mobile Internet solutions with Microsoft's product development practices and use the expertise and technology solutions from other parts of Microsoft's server businesses to accelerate our leadership. Becoming an integrated part of the world's most successful software company will mean we can attract our region's greatest technical and business talents and create a very dynamic environment for mobile Internet R&D, marketing, sales and support. Microsoft's global presence and strong partnerships will help us to open up new markets and broaden the implementation of Sendit's products."
Sendit is the leading provider of open carrier-class mobile Internet application server solutions to GSM operators. Sendit's Internet Cellular Smart Access (ICSA™) server enables GSM operators to evolve into mobile Internet service providers (M-ISPs) by offering innovative value-added services that put their subscribers firmly in control of their dynamic and personal mobile information environment. Sendit is headquartered in Stockholm, Sweden, with offices in London, Seattle and Hong Kong. For more information, visit the Sendit Web site at http://www.sendit.se/.
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