Sony
Ericsson has reached agreement in principle to acquire
Symbian
subsidiary
UIQ
Technology for an undisclosed sum.
UIQ Technology uses
Symbian
OS and licenses its UIQ user interface and application development platform
to mobile phone vendors worldwide.
Following completion of the acquisition, UIQ Technology will operate as a
separate business subsidiary of Sony Ericsson under its current management team.
The communications firm said that UIQ on Symbian OS will continue to be
openly available, and licensed on equal terms to all its licensees.
Sony Ericsson is already a licensee of UIQ Technology, and said it has been
working closely with the company on UIQ 3.0, which is included in Sony
Ericsson's P990 smartphone, M600 messaging phone and W950 Walkman phone.
Mats Lindoff, chief technology officer at Sony Ericsson, praised UIQ's
technology, which supports push email, internet browsing, end user
personalisation and enhanced mobile music applications.
"We welcome this decision by Sony Ericsson to purchase UIQ Technology as it
will give us the additional investment needed to compete in the rapidly
expanding software market for advanced phones," said Johan Sandberg, chief
executive at UIQ Technology.
Sony Ericsson expects the transaction to be completed over the next few
months, pending regulatory approval and closing conditions.
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