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Sybase Buys iFoundry Systems

iFoundry is Singapore-based.

Sybase (SY) - Get So-Young International, Inc. Sponsored ADR Class A Report, a provider of enterprise infrastructure and mobile software, said Monday it acquired certain assets of Singapore-based iFoundry Systems, a privately held engineering services company focused on designing, developing and building wireless mobility products, in an all-cash transaction.

The transaction amount has not been disclosed and the deal is not expected to have a material impact on company's 2006 result.

The assets acquired include the business of licensing short-range wireless interconnect protocol stacks and providing software consulting, training and professional engineering services to mobile device OEMs, ODMs and chipset manufacturers to enable these technologies on their respective platforms, the Santa Clara, Calif.-based company said.

"This acquisition expands our presence in Asia, where the majority of embedded software design and purchasing decisions are being made," the company added.

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