Issue #2002 - 19
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.
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.
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
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.