mBiztech, a software developer of advanced applications for Research in Motion merged with Wallace Wireless. Tequity advised mBiztech.
The combined company, which will operate under the Wallace Wireless name, will continue to provide enterprise, utilities and government customers with best of breed content management and data capture and access applications. The merger provides a stronger solutions platform that yields a higher return on investment for customers using mobile devices like BlackBerry wireless handhelds and Windows Mobile 5 devices.
The combined company has partnerships with major telecommunications carriers around the world, including Sprint Nextel, Verizon Wireless, Alltel, Cingular, Telus Mobility, Rogers Wireless, Bell Mobility, Orange, and T-Mobile.
“mBiztech customers like Federal Reserve Board, South California Edison, New York City Transit and Broward County will now be able to access Wallace applications to manage their critical information. They will also rely on Wallace to be able to communicate everyday, and to know that they will be able to communicate in a crisis. Wallace customers such as Ernst & Young, US General Services Administration, Research In Motion, Rogers Wireless and AXA Financial are now able to use off the shelf wireless applications to improve how they do business,” said Joe Nardi, Wallace Chief Operating Officer.
Rob Moffat, Wallace founder said: “This merger enhances Wallace’s position as the leading third party application in the mobile space. Now our carrier partners will be able to provide their customers with comprehensive, vertical, off the shelf solutions from two top rated preferred BlackBerry partners.”
“This new company is well positioned to continue to provide its market leading software and services solutions for BlackBerry handhelds. We are looking forward to merging with the Wallace Wireless team to continue to grow the business and to invest in the event and content management market trends”, said Cathal Copas, President of mBiztech, who will be the Chief Technology Officer of the merged company. “Given our significant experience in mobile software and communications markets globally, the mBiztech team is confident that it can support Wallace Wireless as it expands its product suite and global customer base.”
Tequity provides M&A advisory services to Enterprise Software and Information Technology companies in the mid-market across North America and around the globe with a primary focus on strategic sales, mergers, and carve-outs. As business operations and growth specialists who have built companies, raised capital, and successfully exited, we bring real world experience to any M&A discussion.
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