REDWOOD CITY, Calif.--(BUSINESS WIRE)--Openwave Systems Inc. (Nasdaq: OPWV), a global software innovator delivering all-Internet Protocol (all-IP) mediation and messaging solutions, today announced that Henry R. “Hank” Nothhaft has joined its board of directors. He has also been appointed to serve as chairman of Openwave’s newly-created Intellectual Property Committee which includes David Nagel and Gerald Held.
Nothhaft brings 35 years of experience in the telecommunications and networking industries. He most recently served as the Chairman and CEO of Tessera Technologies Inc. (NASDAQ: TSRA), a semiconductor miniaturization firm, where he was instrumental in furthering Tessera’s intellectual property strategy including licensing and litigation. Prior to Tessera, he served as CEO of Danger, Inc., which developed the popular T-Mobile Sidekick smartphone. Nothhaft engineered Danger’s acquisition by Microsoft in 2008 for $500 million.
“I am pleased that Hank Nothhaft has agreed to join the Openwave board and lead our newly-created intellectual property committee. Hank brings valuable industry and intellectual property licensing and litigation experience which will prove helpful as we execute our strategy to derive value from Openwave’s patent portfolio,” said Peter Feld, Chairman of the Board of Openwave. “I look forward to his close collaboration with the Openwave Board and management team as we continue to pursue opportunities to drive shareholder value.”
Nothhaft also held the role of chief executive officer at an early internet service provider that pioneered guaranteed network performance and created one of the fastest growing companies in the U.S., Concentric Network, where he led the company to a $70 million initial public offering and later a $2.9 billion acquisition by Nextlink Communications (now XO Communications).
His leadership with pioneering startups, Telenet Communications and Digital Switch, helped revolutionize the telecommunications services industry and provided the foundation for electronic messaging services and the Internet.
Nothhaft is also a highly-successful entrepreneur and advocate of smart innovation policies in Washington, D.C. His new book Great Again: Revitalizing America’s Entrepreneurial Leadership has become a national bestseller. He is a graduate of the U.S. Naval Academy and served in Vietnam as a Captain in the U.S. Marine Corps.
Nothhaft has an MBA in Information Systems Technology from George Washington University and received the Distinguished Eagle Scout Award.
About Openwave
Openwave Systems Inc. (Nasdaq: OPWV) is a global software innovator delivering all-IP mediation and messaging solutions that enable communication service providers to create and deliver smarter services.
Building on its mobile data heritage, Openwave mobilizes the Internet with data-driven solutions that comprehensively enhance IP traffic and increase the value of the mobile network. Openwave arms its customers with a 360-degree view of network activity plus the tools to help them proactively optimize network resources (Congestion Control), react to user behavior with smarter data plans and services (Price Plan Innovation), and deliver a contextually relevant messaging experience (Converged Messaging).
Openwave is a global company with a blue chip customer base spanning North America, Latin America, Australia and New Zealand, Asia, Africa, Europe, and the Middle East. Openwave is headquartered in Redwood City, California.
Cautionary Language Regarding Forward-Looking Statements
The statements in this press release with respect to the beliefs of Openwave regarding the prospects of the litigation it has launched, and the effects that a favorable outcome in the litigation will have, are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1943 and Section 27A of the Securities Act of 1933. These forward-looking statements are subject to many risks and uncertainties that could cause actual results to differ materially from those projected. Notwithstanding changes that may occur with respect to matters relating to these forward looking statements, Openwave assumes no obligation to update the forward-looking statements included in this press release except as required by law.
In particular, the following risks, among others, could cause actual results to differ materially from those projected: (a) intellectual property litigation is inherently uncertain, and no outcome can be guaranteed; (b) other entities may assert rights to Openwave’s intellectual property, which may weaken Openwave’s position in any litigation; (c) the cost of litigation is uncertain and may be very high, which may cause Openwave to settle the litigation for amounts less than amounts to which it believes it is entitled; (d) defendants in the litigation may assert counterclaims which may reduce the strength of Openwave’s claims; and (e) those risks discussed in Openwave’s filings with the U.S. Securities and Exchange Commission ("SEC"), including under the caption “Risk Factors” in the company's Annual Report on Form 10-K for the fiscal year ended June 30, 2011. These documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at www.sec.gov or from Openwave's website at www.openwave.com.
Openwave is a trademark of Openwave Systems Inc. All other trademarks are the properties of their respective owners.