04.03.2008
(Taipei, Taiwan – March 04, 2008)
E-TEN Information Systems has announced that it has accepted an acquisition offer from the world's third-ranked PC vendor, Acer Inc. The deal is expected to accelerate the penetration of E-TEN's products and services, including Glofiish-brand Pocket PC Phones, on a global level while enabling E-TEN to deliver more efficient local support to its existing customers.
The board of directors of E-TEN recently voted unanimously to accept a proposed acquisition offer made by Acer. The successful completion of the deal is not expected to impact the management structure of E-TEN, and the company will continue to deliver products and services at a quality its customers have come to expect. "E-TEN's proven success in bringing state-of-the-art products and business concepts to the consumer mobility sector, united with the Acer Group's global infrastructure, will allow us to provide more efficient local support to customers, while at the same time further extending the footprint of Glofiish-brand products." noted Simon Hwang, CEO, E-TEN. E-TEN remains committed to the continued innovation of versatile connectivity solutions for mobile professionals and consumers, which has become synonymous with the Glofiish brand. With the worldwide smartphone market estimated to grow by more than 30% by 2011, Acer plans to leverage E-TEN's experience and expertise to enhance its competitiveness in the ultra mobile segment, by combining PC and communication technologies.
The acquisition is subject to standard closing conditions, including obtaining approval from shareholders and regulators, and is expected to close during third quarter 2008. For questions please contact sales@etencorp.com. To learn more about Glofiish Pocket PC Phones and accessories designed by E-TEN please visit: www.glofiish.com.
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About E-TEN: E-TEN has been the #1 vendor of embedded devices in Taiwan since the mid 1990's. The E-TEN real time stock trading IA launched in 1997, an outstanding product that achieved an 85% market penetration, was one of the key catalysts in the company's remarkable growth. With a proven staff of experienced hardware, software and communications experts, E-TEN found itself perfectly positioned to take advantage of the increasing demand for handheld convergence devices that occurred in the late 90s. Building upon the Windows® Mobile platform, E-TEN released a number of hugely successful Pocket PC phones that featured combinations of GRPS, Wi-Fi®, Bluetooth®, GPS, HSDPA and GSM functionality each enhanced by exclusive in-house developed software applications. In 2006, in recognition of the fact that its consumer orientated devices were proving just as successful as the company’s IT centric product lines, E-TEN showed its commitment to the consumer sector by adopting the new brand name, Glofiish, for its Pocket PC Phones and accessories. E-TEN is constantly expanding its professionalism and expertise as it continues to develop and enhance its PDA product lines and grow its business in the global marketplace.
