Enea Acquires Openwave Mobility for $ 90 Million

Enea®-Enea AB ('Enea'), Stockholm, Sweden, has signed an agreement to acquire Openwave Mobility on February 27, 2018. The company provides mobile operators with the industry's most scalable NVF platform solution. Mobility is leading the way in traffic management for the fast-growing mobile video area with an acquisition price of $ 90 million Openwave Mobility, headquartered in California, initially adjusted for revenue of approximately $ 27 million and an EBIT of $ 3 million in 2017. The company With a fast-growing and profitable core software business, Enea expects the company to have good cash flow by the end of 2018 and its operating profit margin will further increase to close to Enea's overall profitability goal, which is expected to increase as earnings per share have been Completed in 2018. It is expected to end in April 2018, subject to regulatory approval.

'I am pleased to announce this acquisition, which is a significant step by Enea and our largest acquisition to date.We are acquiring another very successful company, and with the addition of Openwave Mobility, Enea will enhance the value chain and Strong Direct Relationship with Network Operators We remain loyal to the network and telecom sectors and further expand our products and target markets to accelerate our future growth as Enea continues to develop global software companies in high-growth markets An important step in the strategy that combines a vision of continued growth with strong profitability and good cash flow, "said Anders Lidbeck, President and CEO of Enea.

Openwave Mobility's mobile traffic management solution enables mobile operators to manage and make more money on encrypted and unencrypted traffic based in part on the technology Enea acquired through the acquisition of Qosmos a year ago and is currently ranked in the top 20 worldwide The solution is deployed by seven mobile operators Openwave Mobility also offers a broad portfolio of native cloud solutions for subscriber data management Subscribers are one of the key assets of today's mobile operators and Openwave Mobility's solution Help operators at a global level realize the realization of user data.

"The combination of Openwave Mobility and Enea will create exciting changes that reflect changes across the value chain, with independent software vendors playing a bigger and more important role." John Giere, CEO, Openwave Mobility "We're going to work together to become a bigger and stronger player, providing our customers and end users with a better integrated NFV solution and delivering greater value to them."

Openwave Mobility's management and founders will continue to play a role in the future consolidation business. ABG Sundal Collier acted as financial advisor and sole bookrunner for Enea, trading as Vinge.

The acquisition is subject to regulatory approval and is expected to be completed in April 2018.

Key information about Openwave Mobility: • Originally established in 2001 and operating as existing as of 2012. • Headquartered in California, USA, with offices in Europe, the Middle East and Africa • About 140 employees • 2017 Annually adjusted financial data: $ 27 million in revenue and $ 3 million in EBITDA • Privately owned by Marlin Equity Partners.