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News
Issue #2003 - 10 (March 2003)
(Updated Mar. 26, 2003)

ACQUISITIONS, MERGERS & AGREEMENTS

VC Investments in Wireless This Week

Recent Investments

1. SavaJe Technologies Raises $17,500,000 in Second Round [Chelmsford, MA] 
SavaJe is the developer of the universal open software platform (OS and application development) based on Java "SavaJe OS" for mobile phones.
INVESTORS: New Venture Partners, Orange Ventures, Ridgewood Capital, RRE Ventures, Vodafone

2. Sirific Wireless Raises $2,000,000 in First Round Add-on [Canada] 
Sirific Wireless is a fabless semiconductor company that has developed a platform for multi-standard receiver products.
INVESTORS: Agilent Ventures

3. Action Engine (Redmond, Washington state) Raises $15.5M (series C)

Action Engine delivers key enabling technology for mobile operators launching data services on smart devices, while also giving them the ability to manage the smart devices once they are in the hands of the subscriber.

Investors: Baker Capital. Other new investors in the round include Cascadia Capital LLC and the Intel Communications Fund. All existing preferred investors (OVP Venture Partners, Northwest Venture Associates and Spangler Ventures) also participated. The company, which has 47 employees, has raised a total of $35 million since it was founded in February 2000. 

Source: Various press releases
For more information: http://www.venturereporter.com

MobileInfo Comments and Advisory: SavaJe has a significant potential and should do well. See http://www.savaje.com  for more. 

 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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