Issue #2003 - 14
ACQUISITIONS, MERGERS &
Dilithium Networks Secures $10MIn series B Funding
Larkspur, CA.-April 22, 2003-Dilithium Networks, a leading provider of wireless multimedia solutions including voice and video transcoding gateways, announced today that it has closed $10M in Series B funding.
Motorola, Inc., through Motorola Ventures its venture capital arm, and JAFCO Asia, one of the largest venture capital funds in Asia, invested in this second round of funding. Dilithium Networks' previous investors also participated in the financing, including Ericsson Technology Fund, Deutsche Bank Capital Partners, and CM Capital. The new capital will be utilized to expand global sales and support efforts, as well as to support ongoing research and development efforts.
"This funding represents an important milestone for Dilithium Networks and it will enhance our ability to support our growing global customer base" said Paul Zuber, Chief Executive Officer of Dilithium Networks.
Dilithium Networks' flagship product, DCT 2000, which incorporates the company's patent-pending Unicoding technology, is the first carrier-class, high density multimedia gateway allowing connectivity between 3G-324M based wireless networks and H.323 based packet networks..
"We believe that Dilithium Networks' Unicoding technology may have far-reaching potential in the 3G space" said Warren Holtsberg, Motorola Corporate Vice President and Director of Motorola Ventures. "Motorola Ventures views Dilithium Networks as a key player in driving multimedia services over 3G networks."
About Dilithium Networks
Dilithium Networks is the leading provider of solutions for interconnecting networks and terminals to enable seamless, efficient transport of voice and video. The company's products include Multimedia Transcoding Gateways, 3G-324M protocol analysis test tools, and Protocol Stacks. Dilithium Networks' global customer base includes network equipment suppliers, terminal manufacturers, and mobile operators. Dilithium Networks is headquartered in Larkspur, California near Silicon Valley.
Dilithium Networks and Unicoding are registered in the US Patent & Trademark Office. All other product or service names are property of their respective owners.
Source: Dilithium Press Release
For more information: http://www.dilithium.com
MobileInfo Comments and Advisory: Dilithium
has a unique multimedia gateway for connecting H.323 compatible
devices. While the enduser applications will take a while, the
carriers must equip their networks to starts providing this
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