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/ CORRECTION - Antenna Software Acquires Vaultus(April 08, 2010)
JERSEY CITY, NJ -- (Marketwire) -- 04/08/10 -- In the news release, "Antenna Software Acquires Vaultus," issued earlier today by Antenna Software, please be advised that the first sentence of the third paragraph should read "Antenna will set a new standard for delivering enterprise-class mobility that fully embraces the power of User Interface (UI)-rich mobile applications on any device." rather than "Antenna will set a new standard for delivering enterprise-class mobility that fully embraces the power of User Interface (UI)-rich mobile applications on any device -- today." Also, last sentence of the third paragraph should read "Antenna is now fully positioned as the only global mobile technology vendor that provides consumer-friendly enterprise application usability and enterprise-class functionality on any mobile device -- today." rather than " Antenna is now fully positioned as the only global mobile technology vendor that provides consumer-friendly enterprise application usability and enterprise-class functionality on any mobile device." as originally issued. Complete corrected text follows.
Antenna Software Acquires Vaultus
Combined Company Will Drive the Global 2000 to Capture New Revenue Streams Through Consumer-Facing Enterprise Mobile Applications
JERSEY CITY, NJ -- April 8, 2010 -- Antenna Software, delivering real business mobility to the world's most demanding enterprises, announced today the acquisition of Vaultus Mobile Technologies, the leading provider of consumer-facing enterprise mobile applications. Effective immediately, Vaultus will begin operation as a wholly owned subsidiary of Antenna Software, doing business as Antenna Vaultus Inc.
Through the acquisition, Antenna will significantly accelerate its ability to offer consumer-facing enterprise applications, with zero product integration required. Because the companies' respective mobile platforms offer fully complementary technologies, Antenna and its new subsidiary will continue growing global business with absolutely no interruptions to customers or partners.
Antenna will set a new standard for delivering enterprise-class mobility that fully embraces the power of User Interface (UI)-rich mobile applications on any device. Enterprises will be able to empower the entire top-to-bottom workforce with highly functional role-based mobile applications, and engage enterprise consumers to interact with their brands to deliver new avenues of strategic top-line revenue growth. Antenna is now fully positioned as the only global mobile technology vendor that provides consumer-friendly enterprise application usability and enterprise-class functionality on any mobile device -- today.
Founded in 2000 and born out of MIT, Vaultus is based in Boston and will maintain its location after the acquisition. The company brings to Antenna a broad range of Global 2000 customers that include, among many others, E*TRADE Financial, Merrill Lynch, Wachovia, ING, State Street, Prudential and Genzyme. Vaultus' customer portfolio expands Antenna's already large base of more than 200 enterprise customers, and strategically aligns Antenna with the financial services and retail vertical markets, both of which are driving major growth in mobile use.
"CIOs and CMOs are now clear in their mandate to engage consumers through innovative new mobile applications," said Gene Signorini, vice president of Yankee Group's Anywhere Enterprise research group. "At the same time enterprise employees are now demanding that mobile applications for business deliver the same types of UI-rich experiences that they are accustomed to getting from their personal life. With the acquisition of Vaultus, Antenna has positioned itself to tap directly into these mobile market dynamics and to provide leadership on how organizations can get this new level of enterprise mobility done."
Vaultus' financial services customers have deployed mobile applications to millions of users, resulting in significant revenue growth. Their real-time consumer-facing applications deliver new ways to create affinity and customer loyalty, and create limitless up-sell opportunities. Likewise, Antenna's state-of-the-art AMP 3.0 mobile platform delivers the same types of UI-rich applications for enterprises to deploy to their workforces, partners and business customers for greater competitive advantage.
"Mobile's time has clearly arrived," said Jim Hemmer, president and CEO of Antenna Software. "The addition of Vaultus' team and technology to the Antenna family brings together all of the necessary elements that enterprises require to drive mobility to their workforces and to millions of their consumers as well."
David Birnbach, Vaultus' former CEO, said, "With Antenna's strong financial and market position behind us, we will now be able to remain laser-focused on delivering sophisticated mobile solutions. We are excited to co-innovate as part of the Antenna team and to help drive success for the combined company going forward."
Added Hemmer, "With Vaultus and our AMP platform, Antenna is now uniquely positioned as the only independent global-scale mobile company to lead on enterprise- and consumer-facing mobility, and to serve as the trusted strategic enterprise mobility partner to the Global 2000."
Terms of the acquisition were not disclosed.
For more information about the acquisition and Antenna Software, please visit www.antennasoftware.com/vaultus.aspx.
The Antenna Mobility Platform (AMP) powers the real-time mobile enterprise -- a must for today's fast-moving, always-connected and customer-driven world. Delivered as a hosted service, AMP makes going mobile simple, secure and cost effective with end-to-end management and reporting of wireless messages, network connections, users, applications and devices. Antenna's broad portfolio of industry-focused mobile applications streamline and improve processes and can be easily configured to meet unique needs. AMP applications run on any mobile device platform, including Apple iPhone, RIM BlackBerry, Windows Mobile, Windows, Symbian and Google Android. With more than a decade of proven success with Global 1000 customers, Antenna is the global industry leader with a passion for mobility, a commitment to excellence and an unwavering focus on customer success. Follow Antenna on Twitter @AntennaSoftware.
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