Openwave Announces Pursuit of Strategic Alternatives for Products Business

Openwave Systems Inc.

announced today that its Board of Directors has determined to pursue strategic alternatives for the company's mediation and messaging products business. The pursuit of strategic alternatives is designed to focus the company on its intellectual property initiative and drive long-term profitability. Openwave has retained Jefferies & Company, Inc. as its exclusive financial advisor in connection with its strategic review. Openwave will make further information available as, and when, a specific transaction or transactions occur.