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The company, which has patents covering smart devices, cloud technologies and unified messaging that enables mobile devices to connect to the Internet, had earlier hired Jefferies & Co to help it explore strategic options. As consumers increasingly access the Internet on their mobile devices, driving data usage and e-commerce, companies have scrambled to monetize their intellectual property related to these technologies, a recent example being AOL Inc's $1 billion patent deal with Microsoft. Openwave's service mediation and messaging products businesses accounted for 58 percent of its first-quarter revenue, and is expected to fetch between $60 million and $120 million, according to analysts. The buyer, a California-based private equity firm called Marlin Equity Partners, plans to rename the acquired businesses Openwave Mobility and Openwave Messaging, the companies said in a statement. Openwave, whose software allows telecom operators like Sprint Nextel and AT&T give their customers wireless access to data and applications, has already sold its location business to India-based Persistent Systems Ltd. The company will rename its remaining business Unwired Planet and remain a publicly traded company after the deal closes this month. (Reporting by Sayantani Ghosh in Bangalore; Editing by Roshni Menon) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. 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