Deal Enhances Ability to Deliver Integrated Services that Optimize Network Usage, Provide Better User Experiences and Improve Battery Life SAN DIEGO
Qualcomm Innovation Center, Inc. (QuIC), a wholly owned subsidiary of Qualcomm Incorporated (NASDAQ: QCOM), today announced it has acquired iSkoot Technologies Inc., a newly-formed corporation that has recently received substantially all of the assets of iSkoot, Inc., a San Francisco-based pioneer of providing services at the intersection of mobile and the internet. iSkoot works with leading device manufacturers and U.S. mobile operators to bring popular social networks and new internet services to mobile handsets in an intelligent manner that reduces data bandwidth usage on the network and saves battery life on phones.
iSkoot is now a subsidiary of QuIC, Qualcomm’s subsidiary focused on enabling and optimizing open source software with Qualcomm technologies, and will focus on three areas: continued support of its current customers; integrating its offerings with Qualcomm’s products; ,and developing open source data management contributions for mobile devices.
iSkoot began in 2005 with the simple premise that internet services would be even better if they worked on the handsets most people use today and over wireless networks most people can access.
iSkoot’s Kalaida™ Platform is architected to move data-intensive tasks through iSkoot-managed proxy servers. The proxy servers intelligently transcode and aggregate the traffic such that the actual frequency and size (number of megabytes transmitted) of data transmissions is greatly reduced. By this method, Kalaida brings the power of cloud computing to consumer mobile devices and gives operators the ability to deliver compelling interactive experiences with minimal impact on network and handset performance.
“iSkoot and their products match our strategy to optimize the delivery of any service over a wireless network and deliver true business value to our partners and customers,” said Rob Chandhok, president of QuIC. “QuIC's acquisition of iSkoot provides us with a push data services platform, a social network aggregation solution and voice 2.0 services that dramatically strengthens our ability to continue providing the most effective mobile solutions for operators and device makers as they serve consumers worldwide.”
“iSkoot and QuIC share a fundamental passion for creating deeply-integrated mobile experiences that work in the real world,” said Mark Jacobstein, CEO of iSkoot. “Joining forces allows QuIC and iSkoot to equip mobile operators and device manufacturers with integrated offerings that create great experiences for end users with minimum impact on network and handset resources.”
Since its inception, iSkoot has mobilized many of the internet’s most popular services, like social networks, consumer email and IM. Leading U.S. operators offer iSkoot services, such as a free mobile app that aggregates access to social networks, customizable news feeds and consumer email services within a single application.
About Qualcomm Innovation Center, Inc.
Qualcomm Innovation Center, Inc. is a wholly-owned subsidiary of Qualcomm Incorporated, focused on enabling and optimizing open source software for use with Qualcomm technology. The company is focused on technical innovations to mobile open source software that leverage the unique capabilities of today's mobile devices, with a particular eye to optimizing platforms and the applications that run on them via tight hardware integration.
Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of Qualcomm could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including the expected benefits of the transaction; management plans relating to the transaction; any statements of the plans, strategies and objectives of management for future operations, including the execution of integration plans; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the possibility that expected benefits may not materialize as expected; that the parties are unable to successfully implement integration strategies; as well as the other risks detailed from time to time in the Qualcomm’s SEC reports, including the report on Form 10-K for the year ended September 27, 2009, and most recent Form 10-Q. Qualcomm undertakes no obligation to update, or continue to provide information with respect to, any forward-looking statement or risk, whether as a result of new information, future events or otherwise.
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October 13, 2010
October 13, 2010