Microsoft, Openwave Systems Agree To Patent Deal

REDWOOD CITY, Calif. (AP) — Openwave Systems Inc. said Thursday that it reached a patent licensing deal — its first thus far — with Microsoft Corp. Terms of the agreement were not disclosed. Openwave shares jumped 48 cents, or 31 percent, to $2.05 in after-hours trading after the deal was announced.

REDWOOD CITY, Calif. (AP) — Openwave Systems Inc. said Thursday that it reached a patent licensing deal — its first thus far — with Microsoft Corp. Terms of the agreement were not disclosed.

Openwave shares jumped 48 cents, or 31 percent, to $2.05 in after-hours trading after the deal was announced. The stock had finished regular trading up 2 cent at $1.57.

Openwave offers software that helps communication services companies send data over wireless networks. Its portfolio includes 200 patents related to smart device and cloud technologies and other technologies as well.

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