CallWave Continues Strategic Realignment Around its FUZE Unified
Communications Product; Divests its Legacy Virtual Fax Subscriber Base
CallWave, Inc. (NASDAQ: CALL), a leading global provider of mobile and
web-based unified communications solutions, today announced that it has
sold the subscriber base and related intellectual property associated
with its legacy virtual fax technology for $12 million to j2 Global
Communications, Inc. (NASDAQ: JCOM). As part of the sale the parties
entered into an agreement to cross license their intellectual property
assets.
“In our continuing review of strategic alternatives, we concluded that
it was in the best interest of our shareholders to divest certain
non-core assets and focus greater resources on our Unified
Communications strategy,” said Jeffrey Cavins, CEO at CallWave.
About CallWave, Inc.
CallWave is a global provider of unified communication applications
which allow today’s professional to communicate, collaborate, and
conference from anywhere in the world via computer over any web
connection or with any leading 3G smartphone or Wi-Fi enabled device.
CallWave’s FUZE is a mobile and web-based collaboration service that
enables secure, real-time collaboration, and presence. FUZE offers
unique features including high-definition, synchronized video and image
sharing. CallWave’s WebMessenger solutions securely extend instant
messaging (IM) and OCS applications to mobile devices, including the
iPhone.
Founded in 1998, CallWave is publicly traded on the NASDAQ under the
symbol "CALL," with headquarters located in San Francisco, California.
Please visit: www.callwave.com.
CallWave, Inc.
Media Inquiries:
Kara Parsons, Vice President
of Marketing
415-367-4548
kparsons@callwave.com
or
Investor
Inquiries:
Financial Profiles, Inc.
Moira Conlon / Brandi
Floberg, 310-277-4907
callwave@finprofiles.com
