Visto snaps up Psion Software
Transcendental
Posted in Mobile, 2nd February 2004 12:25 GMT
Increase your knowledge of the latest threats to your busines
Visto, the acquisition-hungry US firm, has bought Psion Software for an undisclosed sum. This will give it ownership of Psion's Transcend Mail, a push email/PIM product for mobile devices. The company is to integrate the technology into its portfolio of software for mobile operators.
California-based Visto has now bought three firms since raising $50 million in equity financing in the first half of 2003.
Psion Software was supposed to be a second revenue generator for Psion, joining Psion Teklogix, the PDAs-for-warehouses-and-carpark-attendants business, to keep the company afloat until the long-expected Symbian royalties start flooding in.
So what will Psion do with this undisclosed sum? It has two choices: use it for corporate expenses, or pump it into Symbian, the smartphone OS invented within Psion and in which it is a major shareholder. ®
Increase your knowledge of the latest threats to your busines


The future of SaaS and IT infrastructure management
Should your email live in the cloud: an infrastructure and operations analysis
The business case for application security
Reducing messaging and web security costs with managed services
Vulnerability management buyer's checklist

Win a Samsung C6625!
Is your cameraphone an oxymoron?
Reg Mobile and Wireless newsletter is go! go! go!
Sign up, sign up for The Register IT security newsletter