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Corporation
MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Application & Data Integration
livewiremobile.com

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Stage

Acq - P2P | Acquired

Valuation

$0000 

Revenue

$0000 

About Livewire Mobile

LiveWire Mobile, a division of NMS Communications (NASDAQ: NMSS), is a global provider of managed personalization services for mobile operators. These services allow subscribers to create their own mobile identity and to define their own mobile experience. LiveWire Mobile achieves this by infusing powerful personalization capabilities into traditional mobile communications that are easy to use for subscribers and lucrative for operators.In June 2013, Livewire Mobile was acquired by OnMobile Global. The valuation of Livewire Mobile was $17.8 million. Other terms of the deal were not released.

Livewire Mobile Headquarter Location

One Monarch Drive

Littleton, Massachusetts, 01460,

United States

978-742-3100

Latest Livewire Mobile News

Sale of Livewire Mobile Business Assets to OnMobile Has Closed

Jul 22, 2013

Company to be Re-named; Management Transitions Announced July 22, 2013 08:39 AM Eastern Daylight Time RADNOR, Pa.--( BUSINESS WIRE )--Livewire Mobile, Inc. announced today that the sale of certain of its assets and liabilities to OnMobile Global Limited has closed. In connection with the closing, the Company received cash proceeds (net of transaction costs) of approximately $14.3 million. An additional $2.9 million was placed into escrow for certain performance and other contingencies. No distributions to shareholders are planned at this time. $1.74 million of the proceeds will be deposited with the United States District Court of Massachusetts in compliance with an order stemming from a suit brought by two former directors of the Company’s non-operating Bangalore, India subsidiary seeking indemnification against potential Indian tax liabilities. The Company continues to believe these indemnification claims as well as their associated underlying Indian tax claims are without merit and is maintaining a vigorous defense. The Company will immediately proceed to change its name to Live Microsystems. Live Microsystems, with its remaining assets and liabilities, will continue to trade on the limited-disclosure tier of OTC Markets and has applied for the new stock symbol LMSC. Investors seeking future information concerning the company or its stock are advised to look for company press releases filed on the OTC Markets under the symbol LMSC. This will be the only location that future corporate information is guaranteed to be posted. Also effective with the closing, the majority of the Company’s employees have become employees of OnMobile. Further, the Company announces the following management changes: Robert Pons will continue as Chairman of the Board of Live Microsystems; Matthew Stecker will retain his role as CEO of Live Microsystems, and also become Treasurer; Todd Donahue, formerly CFO, has accepted a leadership role at OnMobile; Matt Gerritsen will retain his role as General Counsel of Live Microsystems "We're excited to have closed this transaction and are eagerly pursuing new business opportunities that will allow us to take advantage of our operating structure and large cumulative NOL in a way that is favorable for all shareholders. We will also be working to secure successful redemption of escrow funds related to the OnMobile transaction as well as favorably dispose of existing litigation," said Matthew Stecker, CEO of Live Microsystems. Live Microsystems’ new corporate address and contact information: 150 N. Radnor Chester Road Suite F200

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Expert Collections containing Livewire Mobile

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Livewire Mobile is included in 1 Expert Collection, including Enterprise SaaS.

E

Enterprise SaaS

2,452 items

Software-as-a-service (SaaS) – internet based software offered as a subscription – continues to become the de facto standard for software distribution and consumption. Enterprise SaaS continues to show particular promise, emerging as one of the most well-funded categories. Startu

Livewire Mobile Patents

Livewire Mobile has filed 4 patents.

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Application Date

Grant Date

Title

Related Topics

Status

7/26/2006

4/22/2014

Telephony signals, Videotelephony, Telephony equipment, Calling features, Noise reduction

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7/26/2006

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Grant Date

4/22/2014

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Related Topics

Telephony signals, Videotelephony, Telephony equipment, Calling features, Noise reduction

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Status

Grant

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