Openwave Systems Inc. (Nasdaq:OPWV), a global software innovator
delivering all-Internet Protocol (all-IP) mediation and messaging
solutions, today announced the rotation of Peter Feld into the role of
Chairman of the Board, effective Sept. 9. He succeeds Charles E. Levine,
who continues as a member of the Openwave Board and serves on the
Compensation Committee as well as the Nomination and Corporate
"I look forward to leading the Board's efforts as Openwave takes the
next step in its turnaround program that is designed to drive Openwave
toward profitability and to deliver value to shareholders," said Mr.
Mr. Feld is a Managing Member, Portfolio Manager and the Head of
Research at Starboard Value LP, which owns approximately 9.9% of the
outstanding shares of Openwave. He was named to the seven-member
Openwave Board in August 2011 for a term that expires at the 2011 annual
Prior to co-founding Starboard Value LP, Feld was a Managing Director at
Ramius LLC and Head of Research for Ramius LLC's funds that comprised
the small cap value and opportunity investment platform. Prior to
joining Ramius in February 2005, Mr. Feld was an analyst in the
Technology Investment Banking group at Banc of America Securities LLC.
Mr. Feld currently serves on the Board of SeaChange International. He
holds a B.A. in economics from Tufts University.
Systems Inc. (Nasdaq: OPWV) is a global software innovator
delivering all-IP mediation and messaging solutions that enable
communication service providers to create and deliver smarter services.
Building on its mobile data heritage, Openwave mobilizes the Internet
with data-driven solutions that comprehensively enhance IP traffic and
increase the value of the mobile network. Openwave arms its customers
with a 360-degree view of network activity plus the tools to help them
proactively optimize network resources (Congestion
Control), react to user behavior with smarter data plans and
Plan Innovation), and deliver a contextually relevant messaging
Openwave is a global company with a blue chip customer base spanning
North America, Latin America, Australia and New Zealand, Asia, Africa,
Europe, and the Middle East. Openwave is headquartered in Redwood City,
Openwave is a trademark of Openwave Systems Inc. All other trademarks
are the properties of their respective owners.
The Blueshirt Group
Mike Bishop, 415-217-4968
Vikki Herrera, 650-480-6753