Iria

America Online will announce today that it's accelerating its move into cell phone services through the acquisition of a software company, Wildseed, which will be part of a new unit called the AOL Wireless Group.

"We believe that wireless is one of the biggest places for AOL to play in," says AOL Wireless General Manager Craig Eisler. The deal with privately held Wildseed "enables us to offer new products like instant messaging for phones, and great photo and music experiences for phones."

The companies will not disclose terms of the acquisition, which closed late Friday. Wildseed, based near Seattle, is best known for its phone-personalization software, which it sells to manufacturers, service providers and content companies. That could be important for Time Warner's AOL as it competes with Yahoo, Google, Microsoft and other Internet companies eager to expand into phone services.
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Read More / Source: SBC Yahoo! News