Product category:
Embedded Software and Operating Systems
News Release from: Enea Embedded Technology
Edited by the Electronicstalk Editorial
Team on 02 April 2007
Nordic Linux specialist acquired
Enea, a leading provider of telecom software and services, has acquired Swedish QiValue Technologies, a leading provider of Linux solutions.
Enea, a leading provider of telecom software and services, has acquired Swedish QiValue Technologies, a leading provider of Linux solutions The acquisition will bolster Enea's Linux expertise, strengthen its software offering, and increase Enea's ability to offer embedded Linux solutions
This article was originally published on Electronicstalk on 29 Aug 2001 at 8.00am (UK)
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Enea expects the acquisition to contribute SEK 14 million of additional revenue as well as a positive margin during 2007.
QiValue, with 13 employees, offers Linux services to equipment makers in the telecom and medical industry and specialises in development of Linux based embedded platforms and Linux training.
"Enea's acquisition of QiValue adds valuable Embedded Linux competence that will strengthen both our software products and services capabilities", says Johan Wall, President and CEO of Enea.
"The QiValue team makes an excellent addition to our world-class service organisation and Embedded Linux is a key component of our Accelerator platform, which allows telecom equipment manufacturers, to more efficiently, provide carriers with converged network solutions".
The consideration amounts to SEK 8 million with possible additional payments depending on QiValue financial performance until 2009.
"QiValue provides Enea with Linux competence as well as new customers and together we will have the ability to further increase the sales of Embedded Linux solutions", says Anders Tornqvist, President and CEO of QiValue.
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