Sagem sells software dev unit to Purple Labs

Purple Labs have bought the mobile apps suite and software engineering team of Sagem. It’s all ‘go’ in the mobile development world, eh?

Here’s the announcement:

Purple Labs the leading software provider for mass-market mobile phones, announced today that it has signed a memorandum of understanding to acquire the mobile applications suite and software engineering team of Sagem Mobiles, a French manufacturer that develops mobile phones branded by Sony Ericsson, Orange, Vodafone and other customers. The asset sale to Purple Labs is linked to an announcement by SAFRAN, a French technology group, that it is selling its Sagem Mobiles business unit to Sofinnova Partners, one of Europe’s leading venture capital firms and an investor in Purple Labs. SAFRAN will join Sofinnova as a shareholder in the new entity, which will be called Sagem Wireless.

More at the press release.