Persistent buys Openwave's location biz

Persistent Systems, a player in outsourced software product development (OPD) services, said that through its US subsidiary, has acquired the location business from Openwave Systems Inc. but the terms of the transaction were kept undisclosed.

“We are excited to acquire Openwave’s Location business. Persistent has a decade long relationship with Openwave that has culminated in this transaction,” said Anand Deshpande, chairman and managing director and CEO, Persistent Systems.