SOURCE: BroadSource, Inc.

BroadSource, Inc.

BroadSource, Inc.

BroadSource, Inc.

February 15, 2011 09:00 ET

Integrated Mobile Broadsource Acquires Movero Technology, Inc.

Recently Merged Entity Acquires Wireless Technology Leader in Telecom Expense Management to Further Enhance Offering, Changes Name to Movero, Inc.

ATLANTA, GA--(Marketwire - February 15, 2011) - Atlanta-based Integrated Mobile BroadSource (IMBS) announced today that it has acquired Austin, Texas-based Movero Technology, Inc. Following closely behind the January 11, 2011 merger of BroadSource, Inc. (www.broadsource.com) and Integrated Mobile (IMI) (www.integratedmobile.com), the combined entity, IMBS, has acquired a wireless management technology leader in the fiercely competitive telecom expense management space. IMBS will change the name of the company to Movero, Inc. and IMBS CEO, Michael Lustig, will continue in his leadership role as CEO of Movero, Inc. The new company will be headquartered in Atlanta, Georgia, and will continue to maintain offices in Ohio and Texas.

"We couldn't be more pleased with the outcome of this recent acquisition," explains Michael Lustig. "Movero Technology brings advanced wireless technology solutions, strong help desk tools and impressive enterprise customers to enhance our already strong telecom expense management (TEM) offering. Combining this with the recent merger of BroadSource and IMI enables our new organization, Movero, Inc., to more strongly compete with a comprehensive suite of wireless and wireline TEM solutions for every size of organization."

The acquisition of Movero Technology and the recent merger with IMI are key strategic transactions which are part of BroadSource's long term vision for expanding the depth and breadth of its product and service portfolio. Lustig concludes, "Looking forward, Movero, Inc. will continue to seek complimentary opportunities that help us to better serve our current customers with telecom and other expense management solutions." 

About BroadSource, Inc.
BroadSource is the expert in telecom expense management technology and services, exclusively for companies with telecom expenses under $20 million annually. Headquartered in Atlanta, GA, and founded in 2001, BroadSource merged with IMI January, 2011, and will change its name to Movero, Inc. www.broadsource.com.

About Integrated Mobile, Inc. (IMI)
Integrated Mobile (IMI) provides managed mobility services with customers representing more than 25% of the Fortune 1000. IMI merged with BroadSource, Inc. January, 2011, and will change its name to Movero, Inc. www.integratedmobile.com.

About Movero Technology, Inc.
Movero Technology, Inc. delivers an extensible and open-service delivery platform to IT organizations needing a comprehensive, end-to-end solution for managing all aspects of mobility. The company will change its name to Movero, Inc. www.moverotech.com.

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