"Smith Micro Software, Inc. , a developer and marketer of a wide range of software and services for the wireless market, and Insignia Solutions, plc , a pioneer in mobile device management and a key provider of provisioning-infrastructure software to mobile operators and device manufacturers around the world, jointly announced a definitive agreement for Smith Micro to acquire substantially all of the assets of Insignia Solutions, including its mobile device management business... Pursuant to the terms of the agreement, Smith Micro will purchase substantially all of the assets of Insignia Solutions for cash and cancellation of debt, and will assume certain liabilities of Insignia, for a total deal value of $18,575,000. The completion of the transaction is subject to certain closing conditions."
