SAN DIEGO August 23, 2013 Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has signed a definitive agreement to sell Omnitracs, Inc., a subsidiary of Qualcomm Incorporated, to Vista Equity Partners (Vista), a U.S.-based private equity firm. Subject to the terms and conditions of the definitive agreement, Vista will purchase Omnitracs for $800 million in cash.

In the late 1980s, Qualcomm pioneered the use of commercial vehicle telematics with the introduction of the first mobile information system for transportation and logistics. As one of Qualcomms earliest businesses, Omintracs has maintained a leadership position within the industry for 25 years. Today, the opportunity for fleet management and telematics is evolving rapidly, and we believe Omnitracs is well positioned to continue its leadership position as a stand-alone entity, said Derek Aberle, executive vice president and group president, Qualcomm Incorporated. Vistas long-term investment focus and experience helping software, data and technology-enabled businesses drive growth and leadership positions is a great fit for the Omnitracs business and management team. We look forward to witnessing their continued success together.

The acquisition will include all of Omnitracs operations in the United States, Canada and Latin America, including Sylectus and FleetRisk Advisors, which were acquired by Omnitracs in 2011.

Vista chose to acquire Omnitracs because of its strong position, product offerings, loyal and satisfied customers, and its highly talented and devoted employees. Leveraging its experience with numerous other vertically oriented software companies, Vista is uniquely qualified to help position Omnitracs for continued growth and will enable the company to strengthen and expand its product offerings.

We are long-term investors in enterprise software, data and technology-enabled businesses that are committed to being leaders in their fields, said Robert Smith, chief executive officer and founder of Vista Equity Partners. We are impressed with the compelling value proposition Omnitracs products and services offer their customers. We look forward to working with them and helping them to reach their full potential.

The closing of the transaction is conditioned upon, among other things, clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and other customary closing conditions. The acquisition is expected to be completed during the first quarter of Qualcomms fiscal 2014.

Barclays Capital Inc. is serving as financial advisor to Qualcomm.

About Qualcomm
Qualcomm Incorporated (NASDAQ: QCOM) is the world leader in 3G, 4G and next-generation wireless technologies. Qualcomm Incorporated includes Qualcomms licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomms engineering, research and development functions, and substantially all of its products and services businesses, including its semiconductor business, QCT. For more than 25 years, Qualcomm ideas and inventions have driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other. For more information, visit Qualcomms website, OnQ blog, Twitter and Facebook pages.

About Vista Equity Partners
Vista Equity Partners, a U.S. based private equity firm with offices in San Francisco, Chicago and Austin, currently invests over $7.1 billion in capital committed to dynamic, successful technology-based organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies realizing their full potential. Vistas investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For further information please visit www.vistaequitypartners.com.