Spyglass Acquires Navitel to Enhance Internet-Enabled Telephony Solutions

Strategic Insights -

Spyglass, a leading provider of Internet expertise, software, and services, has acquired Navitel Communications, a developer of Microsoft Windows CE-based software and applications for Internet-enabled telephones. The acquisition aims to leverage Navitel's expertise in developing Internet-enabling software and applications for Windows CE, enhancing Spyglass' ability to provide solutions to customers seeking to use the Windows CE platform in their Internet devices.

The transaction, valued at approximately $11.3 million, will see Spyglass issue 1,250,000 shares to Navitel stockholders and option holders. Navitel has worked closely with Microsoft in developing Windows CE-based software for information appliances and was a key contributor to Microsoft's "Hermes" Web-enabled telephone platform. With the acquisition, Spyglass aims to accelerate the development of Internet-enabling software and applications for Windows CE, further strengthening its position as a key development associate of Windows CE.

Key Takeaways:

  • Spyglass has acquired Navitel Communications, a developer of Microsoft Windows CE-based software and applications for Internet-enabled telephones.
  • The acquisition aims to leverage Navitel's expertise in developing Internet-enabling software and applications for Windows CE.
  • Navitel has worked closely with Microsoft in developing Windows CE-based software for information appliances and was a key contributor to Microsoft's "Hermes" Web-enabled telephone platform.
  • The transaction, valued at approximately $11.3 million, sees Spyglass issue 1,250,000 shares to Navitel stockholders and option holders.
  • The acquisition will enhance Spyglass' ability to provide solutions to customers seeking to use the Windows CE platform in their Internet devices.
  • Spyglass aims to accelerate the development of Internet-enabling software and applications for Windows CE, further strengthening its position as a key development associate of Windows CE.

Statistics:

  • $11.3 million: approximate valuation of the transaction.
  • 1,250,000: number of shares issued to Navitel stockholders and option holders.
  • 15 days: expected timeframe for the transaction to be completed.
  • 2 companies: Spyglass and Navitel, have worked together with Microsoft to develop Windows CE-based software for information appliances.

Sources:

  • "Spyglass to Acquire Navitel to Enhance Internet-Enabled Telephony Solutions," PR Newswire, April 8, 1999.
  • "Hermes" Web-enabled telephone platform powered by Windows CE, Microsoft Corp.
  • Navitel Communications, a developer of Microsoft Windows CE-based software and applications for Internet-enabled telephones.