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esmertec Acquires Insignia JVM
esmertec Acquires Insignia JVM

(April 24, 2003) - Insignia Solutions and esmertec today announced closure of a definitive agreement whereby esmertec has acquired all Insignia JVM (Jeode) related assets with the exception of Jeode intellectual property. esmertec becomes the exclusive master distributor of Insignia's Java Virtual Machine business in exchange for a committed revenue stream of $7 million over the course of the first 12 months and cooperative agreements to promote Insignia's Secure System Provisioning software product to esmertec mobile platform customers. esmertec will manage the existing Insignia JVM customer relationships and license the Insignia and esmertec technologies to sell to the then-combined customer base and silicon partners. esmertec will assume the entire JVM business through a final asset purchase in June 2004.

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