TOKYO Tokyo based Access Co. Ltd., Japan's top mobile browser supplier, will acquire Palm operating system company PalmSource Inc. for $324.3 million in cash.
The acquisition will enable Access to provide a full set of operating system platform and Internet access technologies in its product portfolio for mobile and digital consumer products, as well as licensing rights to the Palm OS.
Access' NetFront/Compact NetFront browser software is widely used in mobile phones, PDAs and TVs to provide Internet accessibility. The software resides in devices of global mobile phone makers such as Nokia and Motorola, but is sold mostly in Japan. NTT Docomo adopted Access browser for its i-mode service.
The number of devices implementing Access' NetFront/Compact NetFront browser software reached 195 million units by the end of June, according to an Access spokeswoman.
"PalmSource was attractive for us that the company has the development community that creates rich applications on PalmOS, and now they are ported and available on Linux," added Kiyoyasu Oishi, Access’ director of marketing.
Access has been providing browser technology to PalmSource, including core browser technology for PalmOS5 and a browser engine to PalmOS Cobalt.
The acquisition is slated to close in December.