Unwired Planet is a leading provider of scalable NFV solutions for mobile operators, specializing in traffic management for the rapidly growing mobile video traffic sector. With headquarters in California, the company generated approximately USD 27 million in adjusted revenues in 2017 and has a profitable core software business with strong cash flows.
Through the acquisition of Openwave Mobility, Unwired Planet aims to further enhance its operating margins and achieve its overall profitability target by the end of 2018. The deal, valued at USD 90 million, is expected to be earnings per share accretive in 2018 and is subject to regulatory approvals with a targeted closing date in April 2018.
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