CRITICAL PATH INC

CRITICAL PATH INC

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Company Overview
Critical Path, Inc. is a publicly quoted company engaged in the provision of software and services that enable the development of scalable value-added solutions for consumer messaging and identity management. The company was founded in 1997 and has its registered head office in San Francisco, California, USA.
Critical Path’s solutions are deployed by more than 200 service providers throughout the world, including Vodafone, T-Mobile International, Orange, Telefonica Moviles, Tiscali, Indosat, SK Telecom and Virgin.net. Critical Path’s Memovar product line provides consumer messaging solutions for mobile operators, broadband and fixed-line service providers. These solutions include Memovar Mobile, Memovar Messaging, and Memovar Anti-Abuse. Memovar Mobile is a consumer mobile email and multimedia content solution for mobile operators. Memova Mobile pushes email and personalized news, blogs, music, sports and other popular consumer content to everyday mobile phones. Leveraging existing MMS (Multimedia Messaging Service) infrastructure, Memova Mobile enables operators to get to market quickly with easy-to-use mobile data services designed exclusively for the consumer mass market. Memovar Messaging is a platform for service providers that delivers email and a broad range of value-added messaging services, including universal contacts, digital life and media mail. Memova Messaging enables service providers to enrich the consumer messaging experience, drive new revenue streams, foster the growth of online communities and reduce subscriber churn. Memovar Anti-Abuse is a turnkey anti-spam, anti-virus solution for service providers. Memova Anti-Abuse stops spam, viruses, and mailbombs, among others. This solution includes two lines of defense, flexible options and customized controls, ultimately providing a basic anti-abuse protection for all subscribers, while simultaneously offering extra protection as value-added services for opt-in subscribers. Critical Path’s portfolio also includes identity management solutions that are deployed by enterprise corporations, governments and telecommunications operators worldwide.
Critical Path has business partnership with Mail-Filters, RSA Security, Cloudmark, Kaspersky, and Mobixell. Apart from the US, Critical Path has offices in Australia, Canada, France, Germany, Hong Kong, India, Indonesia, Ireland, Italy, Singapore, Spain, Sweden, Switzerland, and United Kingdom.
Business Summary
Critical Path, Inc. (Critical Path) delivers software and services that enable the rapid deployment of scalable value-added solutions for consumer messaging and identity management. The Company’s messaging and identity management solutions help organizations expand the range of digital communications services they provide while helping to reduce overall costs. Its messaging solutions provide integrated access to a range of communication and collaboration applications from wireless devices, Web browsers, desktop clients, and voice systems. In April 2008, Critical Path completed the merger pursuant to the agreement and plan of merger, by and among CP Holdco, LLC (Parent), CP Merger Co. (Merger Sub), a wholly owned subsidiary of Parent, and Critical Path, pursuant to which Merger Sub merged with and into Critical Path with Critical Path continuing as the surviving corporation.
Description and history
Critical Path, Inc. (Critical Path), incorporated on February 19, 1997, delivers software and services that enable the rapid deployment of scalable value-added solutions for consumer messaging and identity management. The Company’s messaging and identity management solutions help organizations expand the range of digital communications services they provide while helping to reduce overall costs. Its messaging solutions provide integrated access to a range of communication and collaboration applications from wireless devices, Web browsers, desktop clients, and voice systems. The Company’s identity management solutions are designed to reduce burdens on helpdesks, simplify the deployment of key security infrastructure, enable compliance with new regulatory mandates, and help reduce the cost and effort of deploying applications and services to distributed organizations, mobile users, suppliers, and customers. In April 2008, Critical Path completed the merger pursuant to the agreement and plan of merger, by and among CP Holdco, LLC (Parent), CP Merger Co. (Merger Sub), a wholly owned subsidiary of Parent, and Critical Path, pursuant to which Merger Sub merged with and into Critical Path with Critical Path continuing as the surviving corporation.

On February 29, 2008, the Company entered into an Asset Purchase Agreement with SPN Acquisition, Inc. (SPNand GigaNews, Inc. (GigaNews) for the sale of certain of the assets and liabilities related to its Supernews usenet hosting business, including software, customer base, trade names and other elements of goodwill. On March 3, 2008, the closing under the Agreement occurred and the Company disposed of the Supernews Assets.

Messaging Solutions

The Company’s messaging solutions include Memova Messaging, Memova Mobile and Memova Anti-Abuse. Memova Messaging is an integrated platform for service providers that provides e-mail, as well as other value-added messaging services that are accessible via wireless devices, the Web, and desktop e-mail clients, such as Microsoft Outlook. Value-added messaging services enabled by the Memova Messaging platform include universal contacts, digital life and media mail.

Memova Mobile allows delivery of low-cost push e-mail to simple, inexpensive mass-market mobile telephones that support Multimedia Messaging Service (MMS). Consumers can choose to have selected e-mail messages from any post office protocol (POP), Internet message access protocol (IMAP) or webDAV-enabled e-mail account pushed to their mobile phone, and they can select which senders to allow on the mobile device. The Memova Mobile solution uses standard text messages or a Web/wireless application protocol (WAP)-based user interface.

Memova Anti-Abuse provides protection against spam, viruses and other malicious attacks before they can enter or exit the end-customer’s mail system. For convenience, the product is offered as an appliance and combines mail traffic shaping with third-party content analysis to deliver overall abuse capture rate at a low total cost of ownership. Additionally, the Company offers third-party software services as a deployment option for its messaging customers. The Memova Anti-Abuse Appliance (branded as the A-1000) features Critical Path traffic management capabilities and integrated third-party anti-virus and anti-spam protection. The Memova Anti-Abuse C-2000 is an anti-abuse offering targeted at service providers and enterprises who wish to offer their customers a higher level of anti-spam protection with the additional benefit of anti-phishing protection. The Memova Anti-Abuse A-1200 is an entry level anti-abuse offering targeted at service providers and enterprises who wish to offer their customers a basic level of anti-spam and anti-virus protection at high scale and data throughput.

The primary competitors of the Company’s messaging solutions include OpenWave Systems Inc., Sun Microsystems’ Sun ONE software division (formerly iPlanet), Microsoft Corporation, Comverse, Inc., Mirapoint Inc. and IronPort Systems, Inc., Comverse, Inc., OpenWave Systems, Inc., Seven Networks, Inc. and Oz Communications, Inc., O3sis IT AG, Inexbee and Axis Mobile., Yahoo! Inc. and Google Inc., Research In Motion, Nokia and Apple.

Identity Management Solutions

The Company’s identity management solutions include Data & Directory Integration, User Provisioning, and Password Management. Data & Directory Integration assists organizations to reduce costs and improve the accuracy of information by consolidating critical data that are typically scattered throughout various business data systems into centralized profiles of each user. In addition, allows business rules for updating this data to be established and enforced so that accurate, current information can be synchronized and distributed to all appropriate applications and systems. This enables applications, such as white pages directories to be deployed for operating system infrastructure, such as Microsoft’s Active Directory, to be integrated with services from other vendors.

User Provisioning assists organizations in reducing the cost of administering user accounts and increases information security by consolidating user profiles and centralizing processes for provisioning and de-provisioning user accounts across applications and systems. Allows employees, contractors, partners and customers to be granted access to crucial information resources, or have access removed, quickly and accurately.

Password Management assists organizations in improving security and reduces helpdesk calls by automating and providing self-service interfaces for deploying passwords for each user across multiple applications and systems. Administrators can update passwords for all of a user’s applications, databases and operating systems from a central location. Users can take advantage of self-service interfaces to change passwords or reset forgotten passwords without requiring assistance from helpdesk or information technology (IT) personnel. Automating such labor-intensive tasks reduces errors and frees up helpdesk staff for other activities, leading to a variety of potential benefits such as cost savings, increased user productivity and reduced security vulnerabilities.

In the identity management market, Critical Path competes primarily with Sun Microsystems’ Sun ONE software division (formerly iPlanet), IBM Corporation, Microsoft Corporation, Novell Corporation, Siemens Corporation and Computer Associates.

Business Line
Engaged in the provision of software and services that enable the development of scalable value-added solutions for consumer messaging and identity management
Subsidiary
CRITICAL PATH AG
Advisor
PRICEWATERHOUSECOOPERS LLP
IPO date
3/1999
US SIC Code
7389
Company Address
2nd Floor
2, Harrison Street
City province or state postal code
94105, SAN FRANCISCO, CA
Phone: +1 415 541 2500
Fax: +1 415 541 2300
Country address: UNITED STATES OF AMERICA
Website url: www.cp.net