MagiNet Acquires Nomadix

Acquisition Will Enhance Quadruple-Play Services for Hospitality and Other Markets

Westlake Village, California, UNITED STATES


NEWBURY PARK, Calif.and SINGAPORE, Dec. 12, 2006 (PRIME NEWSWIRE) -- MagiNet, the largest integrated technology solution provider to the hospitality industry in Asia Pacific, the Middle East and Africa, today announced it has acquired Nomadix, Inc., the leading supplier of intelligent network devices and interconnect services for guest access, digital cities, and service provider HotSpots.

The deal marks a successful conclusion to a long history of collaboration between the companies and will further enhance MagiNet's ability to offer the world's preeminent suite of quadruple-play technology.

"Acquiring Nomadix is a natural, powerful fit with MagiNet's proven ability to deliver truly integrated technology to the hospitality market," said Harri Makela, Chief Operating Officer of MagiNet. "Now we will be able to combine Nomadix' patented technologies and worldwide presence with MagiNet's world-class offerings to deliver a comprehensive range of quad-play services for hospitality and other markets."

The MagiNet acquisition ensures that Nomadix will continue to operate from its Newbury Park offices in California, offering its access solutions through its traditional partners to its four core market applications: hospitality guest access, enterprise guest access, digital cities, and service provider HotSpots.

Since its inception, Nomadix has grown to be the leading provider of internet gateway technology, now servicing more than 2 million hotel rooms and having shipped over 26,000 Nomadix Service Engine (NSE) units to customers in more than 60 countries.

With the significant financial stability delivered by MagiNet's acquisition, Nomadix will now offer MagiNet-based services to its customers and channel partners while MagiNet will also utilize Nomadix' extensive market presence to expand operations beyond Asia-Pacific and the Middle-East into the North American and European Markets.

"The acquisition is a timely response to the growing importance of the quad-play technology for hotels and other guest access environments. Furthermore, both companies will now be able to leverage their global footprint to bring comprehensive services and premiere technology to the most popular hotels and other venues on the planet," said Kurt Bauer, CEO of Nomadix.

About Nomadix

Nomadix is the leading supplier of public access gateways and services. The company offers the Nomadix Service Engine(tm) (NSE), which is a patented gateway technology that resides in venue, carrier, municipality, or service provider infrastructure to enable internet connectivity in public access environments. The company is headquartered in Newbury Park, Calif., selling and supporting its products and services globally through licensing and OEM partnerships, Value Added Resellers and Systems Integrators. Nomadix is an Intel Capital portfolio company. For additional information, please visit http://www.Nomadix.com.

About MagiNet

MagiNet, headquartered in Singapore, is the leading integrated technology solution provider to the hospitality industry in Asia Pacific, Middle East and Africa. Since its incorporation in July 1991, MagiNet has grown rapidly, expanding its suite of interactive movie entertainment products to include high speed internet access solutions. With a vision to deliver fully integrated IP (Internet Protocol) based technology solutions for the hospitality industry that optimizes the guest in-room experience, MagiNet is one of the leading proponents of High-speed Internet access for laptop users, video and music on demand over IP networks, television broadcasting over IP networks and digital interface support for LCD and PDP displays.

Over the last four years MagiNet has also completed the acquisition of On Command Asia-Pacific, STSN Asia-Pacific, Thorn Pay Per View hotels in Australia and Net2Room in Singapore which has contributed significantly to the growth of MagiNet as a multi-national corporation. For additional information, please visit (www.MagiNet.net)



        

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