Press Releases 2007
O2 Broadband Subscribers Benefit from Anytime, Anywhere Access to Email and Contacts
Tuesday, 18 December 2007 09:00
Critical Path's Memova(R) solutions power O2 mobile email and synchronisation
SAN FRANCISCO & LONDON--(BUSINESS WIRE)--Dec. 18, 2007--O2's newly launched home broadband service is offering O2 mobile customers an easier way to access email and personal contact information on the go. With Critical Path's (OTC:CPTH) Memova(R) technology, O2 mobile customers with O2 Broadband can have email messages delivered to their mobile phones and can easily synchronise contacts, as well as diary and task information, so that a consistent set of information is accessible from any application or device.
Critical Path's Memova Messaging Platform Enables ONO to Enhance and Expand Service Offering
Wednesday, 12 December 2007 09:00
ONO to Offer Advanced Web Mail, Calendaring, Search and Other Value-Added Services to 1.2 Million Subscribers in Spain
SAN FRANCISCO & MADRID, Spain, Dec 12, 2007 (BUSINESS WIRE) -- Critical Path, Inc. (OTC:CPTH), a leading provider of messaging software and services, today announced that ONO, the premier alternative provider of telecommunications, broadband Internet and pay television services in Spain, is deploying Memova Messaging 8.0 -- the latest version of Critical Path's consumer messaging platform for service providers. ONO is deploying the Memova Messaging platform to make messaging services easier to use and to provide a broader range of community-oriented communication and content-sharing services for its 1.2 million residential subscribers. The initial rollout will include improved Web mail and calendaring, as well as new search capabilities that will help ONO subscribers easily navigate the content in their Web-based mailboxes and calendars.
Critical Path, Inc. Enters into Merger Agreement to Take Company Private
Wednesday, 05 December 2007 09:00
SAN FRANCISCO--(BUSINESS WIRE)--Dec. 5, 2007--Critical Path, Inc. (OTC:CPTH) ("Critical Path"), a leading provider of messaging software and services, announced today that it has entered into a definitive merger agreement with CP Holdco, LLC, a Delaware limited liability company ("Newco"), and CP Merger Co., a California corporation and wholly owned subsidiary of Newco ("Merger Sub"). Pursuant to the merger agreement, Merger Sub will merge with and into Critical Path. If the proposed merger is completed, holders of Critical Path's common stock (other than Newco and shareholders entitled to and who properly exercise dissenters' rights under California law) will receive $0.102 in cash (without interest and less any required withholding taxes) for each share of common stock they own.
Critical Path Receives Proposal to Take Company Private
Wednesday, 17 October 2007 09:00
SAN FRANCISCO--(BUSINESS WIRE)--Oct. 17, 2007--Critical Path, Inc. (OTC:CPTH) ("Critical Path"), a leading provider of messaging software and services, announced today that it has received a non-binding preliminary proposal (the "Proposal") from General Atlantic, LLC ("General Atlantic"), Cheung Kong (Holdings) Limited ("Cheung Kong") and certain of their respective affiliates to take the Company private by acquiring all of the publicly held common stock of the Company at $.102 per share and to recapitalize the Company by converting all of its outstanding Series E Redeemable Convertible Preferred Stock ("Series E preferred stock"), Series D Cumulative Redeemable Convertible Preferred Stock ("Series D preferred stock") and 13.9% promissory notes (the "13.9% notes"), which mature on June 30 2008, at the same price on an as-converted basis. General Atlantic, Cheung Kong and their respective affiliates together hold about 92% of the 13.9% notes, approximately 97% of the Series D preferred stock of the Company and approximately 34% of the Series E preferred stock, which, on an as-converted basis, allows them to control the vote of the 13.9% notes, Series D preferred stock and common stock.
French ISP Strengthens Mission-Critical Email Services for Healthcare Industry With Critical Path's Memova Messaging
Monday, 01 October 2007 09:00
Proven Performance Leads to Messaging Platform Upgrade and Expansion
SAN FRANCISCO--(BUSINESS WIRE)--Oct. 1, 2007--Critical Path, Inc. (OTC:CPTH), a leading provider of messaging software and services, today announced that Le Reseau sante social, the first Internet service provider dedicated to France's healthcare industry, is expanding and upgrading its Memova(R) Messaging platform.
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