Extended Systems Incorporated, a leading provider of mobile software solutions, announced that it has signed a definitive agreement with Sybase pursuant to which Sybase will acquire Extended Systems. The proposed acquisition is a cash merger with a total diluted equity price of approximately $71.3 million, or $4.460847 per share. The transaction, which is subject to regulatory approval, Extended Systems' stockholder approval and other specified closing conditions, is expected to close in the fourth quarter of 2005. Following the closing of the transaction, Sybase intends to integrate Extended Systems into Sybase's iAnywhere Solutions subsidiary.
Founded in 1984, Extended Systems brings to Sybase patented technology, approximately 2,500 enterprise customers worldwide, and a very strong presence in Europe. Extended Systems is headquartered in Boise, Idaho, with 180 employees in North America and Europe.
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