AOL Buys Wireless Company
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America Online Inc. Wednesday made a major investment in its wireless strategy, purchasing wireless data solution player Tegic Communications.
Terms of the deal were not disclosed.
AOL (AOL) will use the acquisition of the to offer e-mail and to develop Internet messaging solutions through mobile phones and wireless devices, all under its "AOL Anywhere" strategy.
Tegic, which creates text entry solutions for e-mail transmissions on wireless gadgets, will offer its T9 Text Imput software to allow AOL users to send e-mail through Short Messaging Services and wireless application protocol technology. The solution also boasts single-touch typing on a phone keypad for ease of use.
In previous moves for the AOL Anywhere strategy, AOL last month teamed with Motorola (MOT) to develop a new version of the AOL Instant Messenger that will be integrated into Motorola's smart wireless devices.
A recent deal with Radiant Systems Inc. will bring AOL services to retail locations such as movie theatres, gas stations, restaurants and stores.