Myriad Group AG completes acquisition of Purple Labs SA

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April 21st, 2009 Leave a comment Visited 24 times, 1 so far today

Company’s SIX Swiss Exchange symbol has changed to MYRN (Formerly ESMN for Esmertec AG)

DUEBENDORF-ZURICH, Switzerland – April 20, 2009 – Myriad Group AG (formerly Esmertec AG) announced today that it has successfully completed its purchase of mobile phone software provider Purple Labs SA.

Based in Chambéry, France, Purple Labs is the industry leader in mobile browsers and messaging, complementing Myriad’s leadership in Java engines, Android platforms and USSD-based customer self-care. The combined company is now the largest mobile software developer in Europe, with a worldwide customer base that includes all major phone manufacturers and 30 mobile network operators.

Simon Wilkinson, Myriad Group CEO commented, “Since the announcement of this deal in February, the response from our current and prospective customers has been very positive. The big manufacturers and network operators are now more focused on software, including Android, and need strong software partners that have the depth to deliver major programs.”

“Myriad now has more than 800 mobile software engineers – this makes us one of the biggest software teams in the mobile industry, and gives us the credibility to compete for the bigger deals.”

Myriad Group listed on SIX Swiss Exchange (SIX: MYRN)

At an Extraordinary General Meeting held March 19, 2009, shareholders approved the additional capital necessary for the all-share acquisition of Purple Labs SA. The new Myriad Group AG shares will be issued and entered into the share registry by this week, once registered with the commercial registry.

The SIX listing of the new Myriad Group AG shares (received by the previous Purple Labs shareholders) will be on April 30, 2009.

As of today, the SIX Swiss Exchange stock symbol for Myriad Group became MYRN, to reflect the company’s recent name change from Esmertec (previously with symbol ESMN).

Further Information

Myriad Group AG FY 2008 Annual Report is available on:

http://www.myriadgroup.com/financial_reports.shtml

Hard copies can be requested by emailing investor_relations {at} myriadgroup(.)com.

Contact Information

General Enquiries

Kate Hamilton

press {at} myriadgroup(.)com

Tel: +44 1252 519832

Investor Enquiries

investor_relations {at} myriadgroup(.)com

Investor Calendar

Annual General Meeting (AGM)

May 19, 2009

About Myriad

On March 18th 2009, Esmertec AG shareholders approved the acquisition of Purple Labs SA, creating Europe’s leading mobile software vendor. We then changed our name to Myriad Group AG, to reflect the magnitude and diversity of our team and technologies in the combined business.

Myriad now provides the best selling products in four of the most important mobile software categories: Java engines, browsers, mobile messaging and USSD-based customer self-care.

Given this unrivalled portfolio of software and the deep expertise of our engineering team, Myriad is clearly positioned to be both a global leader in mobile software, and the partner of choice for manufacturers and network operators seeking to create branded experiences on mass market phones.

Myriad is headquartered in Dübendorf-Zürich Switzerland and is listed on the SIX Swiss Exchange (SIX Symbol: MYRN).





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