April 02, 2004, 2:36 PM — Sybase Inc. is set to expand its offerings for remote and mobile systems with the acquisition of XcelleNet Inc. for about US$95 million, the company announced Friday.
With the acquisition, Sybase will gain XcelleNet software for managing remote and mobile security, network connections and devices, according to a Sybase statement. The new capabilities will become part of Sybase's Unwired Enterprise product and XcelleNet will become part of Sybase's iAnywhere Solutions Inc. subsidiary. The all-cash deal is expected to close in the second quarter of this year.
Sybase, in Dublin, California, also expects to gain about 2,200 customers worldwide through privately held XcelleNet, which is based in Alpharetta, Georgia, and has offices in several European cities.