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News
Issue #2003 - 23 (August 2003)
(Updated Aug. 19, 2003)

ACQUISITIONS, MERGERS & AGREEMENTS

VC Investments in Wireless This Week

Recent Investments

1. WiDeFi closes $1.5M seed round
WLAN start-up WiDeFi today announced $1.5 million in seed financing co-led by CampVentures and Inflexion Partners with participation from Village Ventures, Silicon Valley’s Band of Angels Fund, and unnamed wireless and WiFi executives. WiDeFi develops technologies that boost the technology and the user-end quality of service for WLAN networks. WiDeFi’s product Xtender both doubles the range and adds twice the data performance for existing WLAN networks.

2. Adimos raises $12M first round
Wireless smart home start-up Adimos reported $12 million in first round financing led by Benchmark Capital, Gemini Israel Venture Funds, Genesis Campus, and Jerusalem Venture Partners. Adimos is developing wireless applications for consumer appliances in the home. The company plans to use the new money to finance research and development.

3. Flextronics to buy Microcell for $80M
Electronics manufacturer Flextronics has agreed to buy wireless infrastructure firm Microcell for $80 million in cash. The deal calls for Flextronics to take on $120 million of Microcell's liabilities and will boost Flextronics' business in the original design of mobile phone systems. Microcell develops wireless technology for 2.5G GSM/GPRS and EDGE networks.

4. Zensys Copenhagen Raises $6.9 million in an undisclosed round
Danish Investment Fund
Zensys develops software and wireless chip RF technology for wireless home sensor networks.

MobileInfo Comments and Advisory: VC money continues its flow in the wireless. Wi-Fi continues to be the beneficiary. 

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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