Siemens AG to Acquire Germany-Based Garderos Software

Frankfurt -- Siemens AG, a Germany-based technology group,
announced that it has agreed to acquire Garderos Software Innovations
GmbH, a Germany-based start-up that specialises in software for
operational support systems (OSS). Siemens said Garderos's OSS
software would become a strategic part of the Siemens Wireless
Integration Platform, which allows the integration of WLAN, WiMAX
and Flash-OFDM networks with mobile and fixed networks. "Wireless
broadband networks are a very promising market for both mobile and
fixed network operators," said Siemens Mobile Networks Director
Christoph Caselitz. "Our Wireless Integration Platform ensures that our
customers can add wireless broadband services to their portfolio cost
effectively and thus generate extra profit from their existing
infrastructure." Financial terms for the deal were not disclosed.
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