Openwave Buys Critical Path

openwave-logoCalifornia-based Openwave Messaging has announced the buyout of Critical path.

The white-label messaging software providers will have a combined installed base of 400m mailboxes worldwide and 35 per cent of the service provider messaging market. The acquisition will enable Openwave to grow its market share and expand into new markets.

OpenWave is backed by Marlin Equity Partners, a global investment firm with over $2.6bn.