XHTML

Openwave Acquires Widerweb

Acquisition Brings Additional Open Internet Browsing Support to Openwave's Mobile Gateway Offering

REDWOOD CITY, Calif. - February 20, 2007 -- Openwave Systems Inc. (Nasdaq: OPWV), the leading independent provider of software solutions for the communications and media industries, today announced that it has completed the acquisition of WiderWeb Limited, a leading developer of mobile web access solutions. The acquisition provides Openwave with an open internet browsing solution that re-formats web content for mobile phones in a highly optimized, compressed and standards-based XHTML/MP format, opening up access to the entire Internet on mass market mobile devices. The purchase consideration consists of $5M in cash and a potential $4M contingent earn-out. The acquisition is not anticipated to have a material effect on Openwave's fiscal 2007 financial results.