REDWOOD CITY, Calif. (AP) ? Openwave Systems Inc. said Thursday that it reached a patent licensing deal ? its first thus far ? with Microsoft Corp. Terms of the agreement were not disclosed.
Openwave shares jumped 48 cents, or 31 percent, to $2.05 in after-hours trading after the deal was announced. The stock had finished regular trading up 2 cent at $1.57.
Openwave offers software that helps communication services companies send data over wireless networks. Its portfolio includes 200 patents related to smart device and cloud technologies and other technologies as well.