Wavecom acquires NexGen Software, S.A.

Acquisition brings TCP/IP capabilities in-house.
Issy-les-Moulineaux, France-June 15, 2006

Wavecom SA (NASDAQ: WVCM; Euronext Eurolist compartment B: AVM; ISIN: FR0000073066), a leader in pre-packaged wireless communications solutions for automotive, industrial (machine-to-machine) and mobile professional applications, today announced its acquisition of NexGen Software, S.A. a privately-held, France-based software company specializing in TCP/IP internet software.

NexGen Software, S.A. brings to Wavecom its internally-developed TCP/IP (internet) suite of protocol stacks and internet software expertise along with a worldwide customer base of over 100. It represents a strategic acquisition for Wavecom. With it, Wavecom eliminates its reliance on external, third-party, TCP/IP vendors and further strengthens its already extensive software expertise while adding IPs (Internet Protocols) developed exclusively by NexGen Software specifically for machine-to-machine communication.

NexGen Software will operate as a wholly-owned Wavecom entity and will continue to develop and market its current portfolio of software products. With an installed base of over 50 million devices, NexGen Software serves customers primarily in the European and Asian regions and from an application standpoint addresses many of Wavecom's target areas.

Commenting on this acquisition, Philippe Guillemette, Wavecom Chief Technology Officer said "This is exactly the type of targeted acquisition that helps us to reinforce our already strong software expertise in all areas of machine-to-machine communication," adding "we intend to completely integrate NexGen Software's internet protocol stack into our growing Open AT® software platform and allow NexGen Software to develop and maintain its current product and customer portfolio."

NexGen President, Jean-Paul M’dina, who has come to Wavecom as part of the acquisition, added, "We are pleased to join the Wavecom team and to work along with them in enhancing the Open AT® software platform which is already one of the most complete software platforms for communications solutions. Our respective synergies meet the market needs and bring to it viable solutions to resolve a variety of development issues."

NexGen Software was founded in 1999 and operated profitably in 2005. The acquisition is a cash transaction of €400,000.