Mitek's LAN, Internet and Intranet Fax Technologies Complement Smith Micro's Desktop Fax Software Product Line
ALISO VIEJO, CA-- Smith Micro Software, Inc. (Nasdaq: SMSI) announced today that it has acquired the technology assets of the Fax Products Division of Mitek Systems, Inc. (Nasdaq: MITK) in a cash transaction. The addition of Mitek's advanced server-based, Internet and intranet faxing technologies, effectively round out Smith Micro's leading desktop fax software product line and enhances the company's ability to address the lucrative Local Area Network (LAN)- based and enterprise fax server markets.
"Smith Micro is pleased to announce this technology acquisition," said William W. Smith, Jr., President and CEO of Smith Micro Software, Inc. "This technology purchase is a key element in executing our 3-prong strategy of expanding our 'traditional' markets; continuing to grow retail sales; and broadening our marketing efforts in the corporate and government marketplaces. Mitek's server-based, Internet and intranet fax products enable us to widen our scope of offerings to corporate and government customers as well as work toward our new goal of becoming a leader in providing Internet telephony technology."
Smith Micro has acquired the following products from Mitek:
- FaxShare is a powerful LAN solution that handles desktop computer fax creation, outbound transmission and incoming fax routing for companies with high fax volume, or with several computer users connected to a LAN.
- INTRAfax is a client/server fax gateway that reduces international long distance phone expenses by allowing desktop computer generated faxes to be sent automatically over a LAN or throughout the world via an intranet, wide area network (WAN), or the Internet.
- I-Paper fax, an innovative technology planned to be incorporated into INTRAfax and currently in development, will enable users to send faxes using a typical fax machine over a LAN or throughout the world via an intranet, wide area network (WAN), or the Internet.
With more than 30 million customers, Smith Micro Software is widely recognized as a leading supplier of communications software for personal computers. The addition of Mitek's server-based, Internet and intranet fax products rounds out the scope of Smith Micro's offerings to corporate and government customers and increases the company's presence in the Internet telephony technology arena. Smith Micro's desktop communications product line includes HotFax, HotFax MessageCenter, MacComCenter Plus, HotPage, AudioVision, VideoLink Mail, QuickLink, and VideoLink, the premier voice, data, fax, paging, and videoconferencing software titles in both retail and OEM sales channels.
For more information contact Bruce T. Quigley, director of corporate communications for Smith Micro Software (714) 362-2308, fax (714) 362-2300 or e-mail at email@example.com. You can also visit the company's Web site at http://www.smithmicro.com. Sales inquiries can be directed to the company at (800) 964-7674.
Smith Micro is a leading developer and marketer of software products that make person-to-person communications simple. With a focus on the Internet, broadband and modem-based technologies, the company designs integrated, easy-to-use software that enables fax, data, voice and video communication to personal computer users around the world. Headquartered in Aliso Viejo, California, the company markets its products worldwide through a network of OEMs and retail distributors. The company is publicly traded on the Nasdaq National Market under the symbol SMSI.
This release may contain forward-looking statements that involve risks and uncertainties. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are economic, competitive, governmental and technological factors effecting the company's operations, markets, products, services and prices, as well as, other factors detailed in the company's filings with the Securities and Exchange Commission including its recent filings on Forms 10-K and 10-Q.
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