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Palm (NSDQ: PALM) filed its 10-K annual report with SEC this Friday, and Elevation Partners deal is not the only deal it did last year. It a…

Palm (NSDQ: PALM) filed its 10-K annual report with SEC this Friday, and Elevation Partners deal is not the only deal it did last year. It also bought three companies, according to details in its SEC filings, though no specific names were disclosed.

The three companies:
— During February 2007, Palm acquired the assets of two sole proprietorships focused on mobile computing and media devices, one a developer of user interface environments and the other a developer of email software applications. The purchase prices of $19.2 million in the aggregate were comprised of $19.0 million in cash, of which $2.5 million was deposited with an escrow agent pursuant to the terms of escrow agreements and $0.2 million in direct transaction costs.
— During October 2007, Palm acquired substantially all of the assets of a corporation focused on developing solutions to enhance the performance of web applications. The purchase price of approximately $0.5 million was comprised of approximately $0.5 million in cash, of which $0.1 million was deposited with an escrow agent pursuant to the terms of the escrow agreement, and less than $0.1 million in direct transaction costs.

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By Rafat Ali

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  1. The two acquisitions from 2007 were Paul Mercer's company, Pixio, and Chatteremail a Palm OS push email app. Also see the first comment in that article from a Palm employee talking about the Chattermail hire.

    http://www.palminfocenter.com/news/9291/palm-brings-in-a-new-software-engineer/

    Both have likely been working on Palm's next-gen OS for some time now.

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