Glenayre has completed its $25 million purchase of Glenayre’s messaging business. IP Unity hopes that by adding the messaging unit, a loss maker for the first three quarters in 2006, to its application server business, it will be better placed to offer media rich, value added services to operators.
“Media rich applications are vital for mobile operators looking to monetize their 3G investments and reduce churn,” said ceo Arun Sobt.