Infowave Software Acquires Telispark

January 8, 2004

Infowave Software (TSX: IW) has entered into an agreement to acquire control of Telispark Inc., a provider of enterprise mobility applications, for US$8.4 million payable primarily in Infowave common shares. The deal gives Infowave the remaining Telispark shares (after an initial ~76% purchase) subject to closing conditions; Deloitte Consulting L.P., the largest Telispark shareholder, will hold ~19% of Infowave upon closing. The acquisition expands Infowave's enterprise mobile application capabilities and strengthens its offering into verticals such as Energy, Utilities and Government.

Buyers
Infowave Software Inc.
Targets
Telispark Inc.
Sellers
Deloitte Consulting L.P., Other Telispark shareholders
Industry
Software
Location
Virginia, United States
Transaction Type
Buyout

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