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News
Issue #2003 - 03 (January 2003)
(Updated Jan. 30, 2003)

ACQUISITIONS, MERGERS & AGREEMENTS

VC Investments in Wireless

1. CardioNet Raises Additional $13,000,000 in Third Round [San Diego, CA] 
CardioNet develops mobile telemetry monitoring for cardiac patients.

INVESTORS: Biofrontier Partners, Guidant, Hambrecht & Quist Capital Management, IDEO, Inglewood Ventures, Sanderling Biomedical Ventures

2. Pronto Networks Raises $5,000,000 in Series-A Funding [Pleasanton, CA ] 
Pronto Networks provides Wi-Fi solution. Its core technology Hotspot Networking System was created for the public access sector. Its software allows mobile carrier and other service providers to launch their own Wi-Fi networks.

INVESTORS: Draper Fisher Jurvetson, Intel Communications Fund

3. Akustica Raises $4,500,000 in in Series-A Funding [Pittsburg, PA] 
Akustica provides acoustic System-on-Chip products and services for wireless communications and consumer electronic devices.

INVESTORS: Chamberlain Investments (Lead), Others

For more information: http://www.venturereporter.com

MobileInfo Comments and Advisory: We like the VCs funding real applications in the healthcare and diagnostic sector - huge scope out there.

Note: This news release may contain forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of Securities Exchange act of 1934 in USA. Similar provisions exist in other countries. There is no assurance that the stipulated plans of vendors will be implemented. MobileInfo does not warrant the authenticity of the information. 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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