Issue #2003 - 15
ACQUISITIONS, MERGERS &
VC Investments in Wireless This Week
1. Airgo Networks Raises $20,000,000 in Third Round
Airgo Networks (formerly Woodside Networks) is a developer of Wireless Local Area Network (WLAN) technology.
INVESTORS: OVP Venture Partners (Lead), Accel Partners, Nokia Venture Partners, Sevin Rosen Funds
Click here for complete details.
2. Staccato Communications Raises $7,500,000 in First Round [San Diego, CA]
Staccato Communications (formerly Discrete Time Communications) uses CMOS processes to develop ultra-wideband (UWB) wireless technologies.
INVESTORS: Allegis Capital, Bay Partners, Charles River Ventures
3. Sorrent Raises $5,500,000 in Second Round [San Mateo, CA]
San Mateo, Calif.-based Sorrent creates games for wireless and Web-based devices.
INVESTORS: Globespan Capital Partners (Lead), New Enterprise Associates, Sienna Ventures
4. Colibria Raises $3,800,000 [Norway]
Based in Oslo, Colibria develops and markets software for mobile phones to telecom companies in Europe and Asia.
INVESTORS: Four Seasons Venture, Northzone Ventures, SND Invest
5. Vistar has received a $5M investment from Technology Partners
Vistar's (globalWave product) provides customers with satellite
data communication service throughout North America, Mexico, Central
America and the Caribbean and around the globe. This GlobalWave
service provides unparalleled asset tracking and management for
mobile and non-mobile applications.
6. Nokia has agreed to acquire wireless email startup Eizel for $21 million in
stock. Eizel will be integrated into Nokia's enterprise network security division, Nokia Internet Communications.
Source: Various press releases
For more information: http://www.venturereporter.com
MobileInfo Comments and Advisory: Bad
week for Wi-Fi. Only one Wi-Fi investmet out of six.
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