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 Portal Software (PRSF) acquires SOLUTION42

   *  Amount:         $300 million

   *  Terms:            7.5 million shares

   *  Premium:        n/a

   *  Industry:        Performance software

   *  Scorecard:      B

CUPERTINO, Calif., Nov. 3--Portal Software , a provider of business infrastructure software for broadband, wireless Internet, and next-generation communications services, announced it has acquired privately held Quickborn, Germany-based, SOLUTION42, an innovator of wireless voice mediation, provisioning and rating technologies. The SOLUTION42 acquisition is expected to extend Portal's customer management and billing platform, to include a convergent solution for the 3G and 2.5G wireless data and voice markets. Portal Software will exchange 7.5 million shares for all outstanding shares of SOLUTION42, in an exchange valued at approximately $300 million.

 

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