Palo Alto, Calif. - Mobixell Networks, a developer of mobile multimedia technology, said on Wednesday that it has acquired key assets of Adamind, a Palo Alto, Calif.-based supplier of media adaptation software for the mobile messaging services market.

Financial terms of the deal were not disclosed.

The acquisition includes Adamind's software products and intellectual property, as well as contracts with customers and suppliers.

Mobixell said that it plans to retain "the majority" of Adamind's employees and contractors.

"This merging of Adamind's assets into Mobixell marks a tremendous growth phase for our company," said Mobixell CEO Amir Aharoni. "Mobixell is now poised to capture a large market share."

Related Links:
http://www.mobixell.com/viewItem.asp?type=news&itemId=55

http://www.adamind.com