Issue #2003 - 21
ACQUISITIONS, MERGERS & AGREEMENTS
Recent VC Investments in Wireless
1. Magnolia Broadband Raises $6,000,000 in Third Round [Clinton, NJ]
Magnolia Broadband is a fabless semiconductor company developing radio frequency solutions for cellular companies.
INVESTORS: SCP Private Equity Partners (Lead), Draper Fisher Jurvetson Gotham, ECentury Capital Partners, Others, Selway Partners
2. Appairent Technologies Receives Investment [West Henrietta, NY]
Appairent provides wireless modules, chips and protocol stackware. INVESTORS: Motorola Ventures, Trillium Group
3. InPhonic Gets 56 Million
InPhonic provides wireless voice and data communication solutions to enterprises, online businesses, national retailers and end-users - a complete outsourced solution that enables them to offer wireless devices and services to their end-users.
INVESTOR: Technology Crossover Ventures
4. AppForge Raises $8.3 Million in New Financing
Appforge product set offers solutions to wireless application developers, manufacturers of smart phones and PDAs, wireless carriers and consumers.
Investors include The Grosvenor Funds, Council Ventures, and Tim Draper
Source:Venture Reporter - For more information: http://www.venturereporter.com
MobileInfo Comments and Advisory: InPhonic
and AppForge investments in application development services and
tools is worth taking note of, because VC in the past were
focused on silicon for wireless. These two investments recognize
that ultimately, we should fund those companies that are providing
solutions to enterprise customers.
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