Sybase Acquires XcelleNet
Sybase has taken a giant step toward expanding the reach of its mobile device capabilities by agreeing to purchase mobile device management provider XcelleNet for approximately $95.2 million in an all-cash deal.Sybase Inc. took a giant step toward expanding the reach of its mobile device capabilities on Friday by agreeing to purchase mobile device management provider XcelleNet Inc. for approximately $95.2 million in an all-cash deal. XcelleNet will be integrated into Sybases mobile-focused subsidiary iAnywhere Solutions once the transaction closes in the second quarter of 2004, according to officials at Dublin, Calif.-based Sybase. XcelleNet is owned by investment firm Francisco Partners Management LLC in Menlo Park, Calif.
Acquisitions are not uncommon for XcelleNet. The mobile enterprise enablement company was purchased by Columbus, Ohio-based Sterling Commerce Inc. in April 1998 and was re-branded as the companys Managed Systems Division. However, the marriage was short-lived. Just two years later XcelleNet regained its name and independent operating status after it was sold by Sterling Commerce to Francisco Partners.
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