by PegNews wire

The firm was acquired for $12.2 million.

DALLAS — CornerWorld Corporation today announced the completion of its approximately $12.2 million USD acquisition of Woodland Wireless Solutions. The acquisition, announced October 28, 2008, represents all holdings of Woodland Wireless including the patented shortcode roaming application, Visitatel, West Michigan Co-Location Services, T2 TV, T2 Communications and S Squared.

CornerWorld Corporation, a media company, is leveraging its proprietary lead generation engine to deliver qualified prospective customer leads to Fortune 1000 advertisers using online channels, social networking properties, CornerWorld-owned and partner representative content websites. Using Woodland's patented technology, CornerWorld will extend its lead generation capability to include the millions of mobile customer impressions taking place on Woodland's owned services.

"We are confident that mobile computing is the consumers bridge between real-world and online worlds," said Scott Beck, CEO, CornerWorld. "We are thrilled to begin incorporating Woodland's mobile platform and operational experience with more than 50 wireless carriers in the United States, Canada and the Caribbean, to create next-generation offerings that will unite buyers and sellers by expanding the application of Woodlands cellular roaming patent."

"Our carrier customers who provide more than 65 percent of U.S. consumers with mobile devices will continue to have the mission-critical roaming service they expect," said Ned Timmer, CEO, Woodland Wireless. "We now have the resources to expand services that will benefit carriers and enhance the mobile computing investment for consumers."

Source: Cornerworld

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