The acquisition of messaging solutions provider PulsePoint Communications by Unisys was yesterday approved by PulsePoint shareholders.
Unisys will issue about 20 million shares of common stock in the merger, exchanging 0.162 shares for every one PulsePoint share, valued at $6.60. Unysis shares are selling at an average price of $40.85 during the 20-day trading period ending the 20th of August.
"The acquisition of PulsePoint Communications enhances Unisys position as a solutions provider to the communications and media market by adding to Unisys already extensive portfolio, and affordable and repeatable messaging solutions for the emerging next generation services provider. Unisys will use the PulsePoint solutions as multimedia messaging solutions designed for new breed communications services providers, who are leveraging the convergence of voice and data networking," said David Ireland, general manager, commercial, Unisys Australia.
According to Ireland, these new breed communication providers include local exchange carriers, convergence and wireless carriers, Internet service providers and TCP/IP Telephony providers.
Traditionally restricted to large telephony market segment, Unysis was particularly interested in PulsePoint's Enhance Application Platform because it allows it to move into the small and medium sized market.
PulsePoint's messaging system, based on a Microsoft Windows NT platform, gives customers access to voice, fax and e-mail from a single mailbox using any number of devices such as land lines, mobile phones, PCs and smart phones.