Wednesday, September 6, 2006

Sybase Buys Mobile 365

Dublin-based Sybase is acquiring Mobile 365, a provider of mobile messaging and content delivery, in a deal worth $425M. Mobile365 is backed by Draper Fisher Jurvetson, Draper Atlantic Venture, 3i Technology Partners, Institutional Venture Partners, and Mayfield, and is based in Virginia. The deal is an all-cash deal.