Stockhouse Shutters EU Mobile Business

Marcus New, president and chief executive of Stockhouse, says the vendor is close to finalizing a deal with an unnamed third party to take over its legacy pager-based data business in Europe, and is also in negotiations with another provider to transfer the client base of its other mobile data products in the region.

New says that the pager business-which Stockhouse acquired along with other mobile products as part of the purchase of TeleCommunication Systems' mobile operations in January 2007-ha

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