Wavecom, French supplier in pre-packaged wireless communications solutions for automotive, industrial (machine-to-machine) and mobile professional applications, announced its acquisition of NexGen Software, France-based software company specializing in TCP/IP internet software.
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NexGen Software brings to Wavecom its internally-developed TCP/IP (internet) suite of protocol stacks and internet software expertise along with a worldwide customer base of over 100.
NexGen Software was founded in 1999 and operated profitably in 2005. The acquisition is a cash transaction of EUR 400,000.