Openwave up for sale

Mobile software developer Openwave announced that it has retained Merrill Lynch as its financial advisor to explore a range of strategic options, including a possible sale of the company.

In an SEC Filing, posted Friday, Openwave said its board of directors has formed a Strategic Alternatives Committee of the Board, to assist the full board in overseeing the process.

“Openwave’s board of directors is committed to taking all appropriate and necessary action to enhance value for all stockholders,” said chairman Bernard Puckett.

“As the Board reviews the range of alternatives available, we remain committed to ensuring the long-term growth and viability of Openwave’s products and solutions, continuing to support our longstanding customer base with world class service, and acting in the best interests of our stockholders, customers and employees,” he said.


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