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News
Issue #2002 - 19 (May 2002)
(Updated May 22, 2002)

ACQUISITIONS, MERGERS & AGREEMENTS

Investors Look to Emerging Market Sectors: Wireless Gaming and Hotspots

Two emerging market sectors — wireless gaming and wireless LANs — are attracting investor interest. Recently, Finnish wireless gaming provider Codeonline and American wireless LAN integrator Transat Technologies both announced that they have secured investment funding.

Codeonline
In its announcement, Codeonline said AOL Time Warner, Bertelsmann AG and Motorola Venture, the investment arm of Motorola, have strengthened the company’s financial base. Terms of investment deals were not disclosed.

Motorola’s equity share is an expansion of its investment commitment of last February. Motorola’s interest stems from its long-term strategy to accelerate the development and deployment of interactive mobile gaming on its cell phones. To date Motorola has helped provide Codeonline’s interactive gaming to over 250 million mobile users worldwide, leveraging major brands like ‘Who wants to be a Millionaire?’ and ‘Trivial Pursuit.’

The two entertainment conglomerates, AOL Time Warner and Bertelsmann, are also looking to Codeonline to further their respective mobile strategies.

Transat Technologies
The wireless LAN integrator has announced a $6-million first round led by Bay Partners with participation from Acorn Campus, Genesis Campus, and Intel Capital.

Transat’s software enables operators to directly bill a customer’s cellular account for usage of a wireless LAN, whether it be in a hotel lobby, an airport lounge or any one of a number of hotspots. The software uses a SIM smart card, authenticated directly from a GSM or 3G network, to integrate Wireless LAN and cellular networks and provide seamless inter-network and international roaming for high-speed data users, the company said.

For more information: http://www.codeonline.com/press/releases http://www.transat-tech.com

MobileInfo.com’s Comments & Advisory:  Mobile entertainment and wireless LAN innovations continue to be attractive for VCs. Rightly so!. We think that these applications will be ahead of the mobile application set for consumers and enterprise respectively.

Note: This news release may contain forward-looking statements. Readers should take appropriate caution in developing plans utilizing these products, services and technology architectures.  All trademarks used in this summary are the property of their respective owners.


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