Critical Path, Inc.
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Critical Path was a provider of messaging services, working with mobile operators, telecommunications companies, ISPs, and enterprises. It was acquired on December 4, 2013 by Openwave Messaging.[1][2][3] On March 2, 2016, it was announced that Synchronoss Technologies agreed to acquire Openwave Messaging.[4]
History
Critical Path, Inc. was founded in 1997 by David C. Hayden[5] and Wayne Copeland de Geere[6] as a provider of outsourced email service to ISPs. In 1998 they hired a new CEO, Doug Hickey and acquired Usenet provider Supernews. The company went public on March 29, 1999. The IPO was covered favorably by the trade press at the time.[7] In early 2001, nearly two years after their IPO, a series of lawsuits against Critical Path were filed over hiring practices, accounting irregularities, and securities fraud,[8][9] culminating in a management shakeup and SEC action against the company's President, David Thatcher, and other executives.[10] Thatcher and two others pleaded guilty and were sentenced to jail terms from three months to one year.[11] In 2005 their stock was delisted by Nasdaq.[12]
In 2007 the company went private[12] and in 2008 sold Supernews to Giganews.[13]
In October 2010, Critical Path and Mirapoint, a secure enterprise messaging company, announced their decision to merge.[14]
References
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- ↑ “Openwave Messaging Makes Add-On Play for Critical Path” Template:Webarchive, Dow Jones, New York, NY, 5 December 2013. Retrieved on 5 December 2013.
- ↑ “Critical Path Acquired By Openwave Messaging”, Silicon Tap, San Jose, CA, 5 December 2013. Retrieved on 5 December 2013.
- ↑ “Marlin Equity Partners seals Critical Path deal”, Thomson Reuters, New York, NY, 5 December 2013. Retrieved on 5 December 2013.
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