First News Briefs for May 1, 2012
Vringo has avoided getting kicked off the New York Stock Exchange. The company said Monday it had regained compliance with continued listing standards after being warned that it would be removed from the exchange if it did not improve its financial performance. Vringo has struggled since going public and recently shifted its focus to patents through its acquisition of Innovate/Protect.
Myriad Group has provided investors with an update on its acquisition of Synchronica after receiving shareholder approval for the deal last month. The company has extended its buyout offer until May 15. As of Monday, the third closing date of the offer, investors owning all of the value of Synchronica's stock had taken the offer. Synchronica's stock is expected to stop trading on the London Stock Exchange on May 15 ahead of its delisting. Myriad is warning investors that the end of trading will "significantly reduce the liquidity and marketability of any Synchronica shares not acquired by Myriad."
Retail specialist iQmetrix is taking its presence at CTIA in New Orleans next week as an opportunity to help Habitat for Humanity rebuild homes destroyed by Hurricane Katrina and Hurricane Rita. Together with volunteers from local iQmetrix partners Connectivity Source and ProtectCell, the company will help build up to three houses on May 11, the day after the conference closes.
Accuris Networks and Acme Packet have come out with a new interworking gateway to extend charging, policy and provisioning to subscribers on a Wi-Fi connection. The product integrates Acme Packet's Net-Net security gateway with Accuris Network's AccuROAM platform, which authenticates customers as they travel between 3G, 4G and Wi-Fi networks. The technology is targeted at operators offloading data traffic onto Wi-Fi networks.
Hipcricket’s chief marketing officer, Jeff Hasen, has a new book, Mobilized Marketing: Driving Sales, Engagement, and Loyalty through Mobile Devices, that’s now available online and in bookstores nationwide. Hasen has been Hipcricket’s CMO for five years. Hipcricket is a wholly-owned subsidiary of Augme Technologies.