Los Gatos-Based Semotus Solutions to Merge with CityTalk

Los Gatos, Calif. -- Semotus Solutions, a Los Gatos-based maker of mobile communications software, said that it will merge with CityTalk, a Florida-based company acquiring cellular operations and tower infrastructure. Financial terms of the deal were not disclosed. Privately held CityTalk was co-founded by Richard Sullivan, the former chairman and CEO of Applied Digital Solutions and Digital Angel Corp., and telecommunications entrepreneur Steve Keaveney. Sullivan, who has  made a personal investment of $225,000 in Semotus as part of the deal, said that CityTalk has a deal in place to acquire mobile wireless operations and tower assets serving markets in the West, Mid-South and Southeast. "So we'll be able to hit the ground running by immediately rolling out networks and services to customers," he said. The deal is expected to close early next year.
http://www.semotus.com/news/pr_item.asp?item=431