Under the terms of the sale, Smith Micro Software purchased assets associated with the Tatara Service Manager client software and the Tatara Subscriber Gateway, which performs client management. Smith Micro also assumed responsibility for the company’s facilities and employees based in Vancouver, Canada. The amount of the transaction was not disclosed.
Femtocells are a disruptive technology that improves mobile voice coverage and deliver services to home and enterprise users, reducing cost. According to ABI Research, total market revenue for femtocells is expected to grow to more than $5 billion by 2013.
The Tatara Convergence Server, an element of the femtocell ecosystem, is a convergence application server to leverage a SIP-based integration approach for femtocells. Its SIP-based architecture allows femtocell deployment option, supporting either a VoIP or IMS infrastructure and delivering full service parity with the macro network.
E Y Snowden, chairman and CEO of Tatara Systems, said: We are very pleased with this transaction, as it enables Tatara to monetize the value of our Mobile Broadband products and apply those resources to the exciting opportunities in femtocell convergence and applications enablement.
On May 8, 2008, Tatara Systems raised an additional $6.5 million in venture funding from Highland Capital Partners and North Bridge Venture Partners, bringing the amount of total capital raised by the company to $43.5 million.
