Press Releases

Enea Acquires QiValue Technologies

Acquisition Strengthens Enea’s Offering of Embedded Linux Solutions

Stockholm, Sweden, and San Jose, CA. March 29, 2007. -- Enea (Nordic Exchange /SmallCap /ENEA), a world leading provider of telecom software and services, today announced that is has acquired Swedish QiValue Technologies, a leading provider of Linux solutions. The acquisition will bolster Enea’s Linux expertise, strengthen its software offering, and increase Enea’s ability to offer Embedded Linux solutions. Enea expects the acquisition to contribute SEK 14 million (MUSD 2) of additional revenue as well as a positive margin during 2007.

QiValue, with 13 employees, offers Linux services to equipment makers in the telecom and medical industry and specializes in development of Linux based embedded platforms and Linux training.

“Enea’s acquisition of QiValue adds valuable Embedded Linux competence that will strengthen both our software products and services capabilities,” said Johan Wall, president and CEO of Enea. “The QiValue team makes an excellent addition to our world-class service organization and Embedded Linux is a key component of our Accelerator platform, which allows telecom equipment manufacturers, to more efficiently, provide carriers with converged network solutions.”

The consideration amounts to SEK 8 million (MUSD 1.2) with possible additional payments depending on QiValue financial performance until 2009.

“QiValue provides Enea with Linux competence as well as new customers and together we will have the ability to further increase the sales of Embedded Linux solutions”, said Anders Törnqvist, president and CEO of QiValue.