Openwave Files Form 10-Q for March Quarter

Openwave Systems Inc. (Nasdaq:OPWV), one of the world’s leading software innovators enabling revenue-generating personalized services which converge the mobile and broadband experience, today filed its Form 10-Q for the fiscal quarter ended March 31, 2008 with the Securities and Exchange Commission (SEC). Today’s filing of the 10-Q brings the company current with its SEC filings.

Openwave delayed the filing of this Form 10-Q pending the conclusion of an internal investigation conducted under the direction of the Audit Committee of the Board of Directors, with the assistance of independent counsel and forensic accountants. Allegations were made by an employee alleging attempts by certain members of senior management to manage financial results.

The Audit Committee found no conclusive evidence that any members of senior management of the Company placed pressure on the employee in an attempt to manage financial results. The Audit Committee also found that if pressure was indeed placed on the employee in an attempt to manage financial results, the employee took no such action. The findings of the investigation also addressed compliance with the Company’s internal process for approval of certain types of customer transactions and other areas including time-reporting. The Audit Committee concluded that there is no impact on the Company’s financial statements from any of these issues or the allegations.

“We are pleased that the Audit Committee and outside counsel have completed their independent investigation and that we have filed our 10-Q promptly after the review,” said Bruce Coleman, interim CEO of Openwave. “To avoid the appearance of impropriety or undue pressure in the future, we are implementing changes to our internal policies to clarify our sales process. With these issues behind us, the management team remains focused on executing on our strategy to position Openwave for long-term growth and profitability by expanding our global customer base, and continuing to serve our current base of tier one customers by developing and bringing innovative new products to market.”

The company will promptly notify the Nasdaq Hearings Panel of the 10-Q filing, in advance of the company’s hearing scheduled for July 17. The Panel will determine the company’s listing status. The company will also deliver the 10-Q to the convertible bond trustee, which will cure the remaining deficiency and thus become fully compliant with the bond covenants.

About Openwave

Openwave Systems Inc. (Nasdaq:OPWV) is one of the world’s leading innovators of software applications and infrastructure designed to enable revenue-generating, personalized services, including merchandising and advertising, which converge the mobile and broadband experience across all of a user's devices.

As the communications industry intersects with the Internet, Openwave software enables service providers to converge services, increasing the value of their networks by accelerating time to market and reducing the cost and complexity associated with new service deployment. Openwave’s unique product portfolio provides a complete range of service management, messaging and location technologies. Openwave is a global company headquartered in Redwood City, California. For more information please visit www.openwave.com.

Cautionary Note Regarding Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1943 and Section 27A of the Securities Act of 1933, including, but not limited to, material contained in quotations and plans or prospects for Openwave Systems Inc. that are based upon the current expectations and beliefs of Openwave's management. These forward-looking statements are subject to many risks and uncertainties that could cause actual results to differ materially from those projected. Notwithstanding changes that may occur with respect to matters relating to any forward looking statements, Openwave assumes no obligation to update the forward-looking statements included in this press release.

In particular, the following factors, among others, could cause actual results to differ materially from those projected: (a) the ability to make changes in business strategy, development plans and product offerings to respond to the needs of our current, new and potential customers, suppliers and strategic partners; (b) the ability to improve sales productivity; (c) the ability to continue to sell our existing products and enhancements; (d) the ability to develop and commercialize new products; (e) risks associated with the development and licensing of software generally, including potential delays in software development and technical difficulties that may be encountered in the development or use of our software; (f) increased global competition and pricing pressure on our products; (g) the unknown effects of management changes; (h) the loss of key personnel; and (i) the ramifications of Openwave’s inability to file required reports with the SEC on a timely basis.

For a detailed discussion of these and other cautionary statements, please refer to the risk factors discussed in filings with the U.S. Securities and Exchange Commission ("SEC"), including but not limited to the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2007, its Quarterly Report on Form 10-Q for the periods ended September 30, 2007, December 31, 2007 and March 31, 2008, and any subsequently filed reports. All documents also are available through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at www.sec.gov or from Openwave's website at www.openwave.com.

Openwave is the trademark of Openwave Systems Inc. All other trademarks are the properties of their respective owners.