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  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.

"It is imperative that mobile operators and content providers ensure they are properly positioned to leverage off-net opportunities," said Peter Galvin, senior vice president of products and marketing, Openwave. "The content reformatting technology from WiderWeb can dramatically improve the user experience when accessing Internet content on mass market mobile devices. This acquisition, along with our recent announcement of Openwave® MediaCast, supports our customers in delivering a compelling Web 2.0 experience and in deepening the subscriber relationship across all channels."

WiderWeb technology will be integrated into Openwave's mobile gateway infrastructure, which is designed to enable operators to offer consumers a broader range of content choices by delivering full Internet web pages in a user friendly and device intelligent format to mobile data-enabled devices. Both operators and content providers can rapidly deliver a cost effective optimized experience to the mobile Internet. Openwave is also working with operators to monetize off-net content with the Openwave® Contextual Merchandising solution.

About Openwave
Openwave Systems Inc. (Nasdaq: OPWV) is one of the world's leading innovators of software applications and infrastructure designed to enable revenue-generating, personalized services, including merchandising and advertising, which converge the mobile and broadband experience across all of a user's devices.

As the communications industry intersects with the Internet, Openwave software enables service providers to converge services, increasing the value of their networks by accelerating time to market and reducing the cost and complexity associated with new service deployment. Openwave's unique product portfolio provides a complete range of service management, messaging, location and client technologies. Openwave is a global company headquartered in Redwood City, California. For more information please visit www.openwave.com.

Cautionary Note Regarding Forward Looking Statements
 
This release contains forward-looking statements relating to expectations, plans or prospects for Openwave Systems Inc. that are based upon the current expectations and beliefs of Openwave's management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In particular, the following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: (a) the reaction of customers, content providers and employees of Openwave and WiderWeb to the transaction; (b) Openwave's ability to successfully manage and integrate WiderWeb operations and employees; (c) Openwave's ability to successfully integrate WiderWeb technology and solutions into Openwave's technology and solutions; (d) the ability to retain key employees and customers of the WiderWeb business and to attract new customers; (e) the ability to compete with new or existing competitors of the two companies; (f) the ability to make changes in business strategy, development plans and product offerings to respond to the needs of our current, new and potential customers, suppliers and strategic partners; (g) technological changes and developments; and (h) general risks of the Internet and wireless telecommunications sector.

For a detailed discussion of some of these risks and other cautionary statements, please refer to the risk factors discussed in filings with the U.S. Securities and Exchange Commission ("SEC"), including but not limited to the Company's Quarterly Report on Form 10-K for the fiscal year ended June 30, 2006, and any subsequently filed reports. All documents also are available through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at www.sec.gov or from Openwave's website at www.openwave.com. The Company assumes no obligation to update the forward-looking statements included in this document.

 
Openwave is the trademark of Openwave Systems Inc. All other trademarks are the properties of their respective owners.

For further information:
 
Contact Openwave Worldwide Public Relations

Openwave Investor Relations
Mike Bishop
Tel: 650-480-4461
investor@openwave.com

  



 
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