Thursday 31 July 2008
Sagem Mobile splitting
French air and defence company Safran is separating its Sagem Mobile business. The new company will be called Sagem Wireless and will be controlled by Sofinnova, a French venture capital firm. The software part of Sagem Mobile is being sold to Purple Labs, which recently bought Openwave. [Safran press release; Purple Labs press release]
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The Purple Labs deal has now been completed. [Press release]
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