IP Unity has acquired Glenayre Messaging in a deal worth 25M dollars. The new company will be called "IP Unity Glenayre" -- a choice that speaks volumes about the creative minds behind this deal. Despite the assurances of IP Unity CEO Arun Sobti, it's hard to see how the new combined company is any better positioned to compete, especially in wireless, then Glenayre or IP Unity were by themselves.
Here's the release from IP Unity:
http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20061214005753&newsLang=en
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