|
|
NEWS ACQUISITIONS, MERGERS & AGREEMENTS Start-Up Commtag Secures $5-Million In its first round of funding, Cambridge, U.K.-based Commtag has secured $5-million from European venture capital firm Amadeus Capital Partners. The funds will be directed toward the continued development of its recently announced unplug+play™ platform and other wireless peer-to-peer networking products.The U.K. start-up envisions that wireless data will be driven by social interaction thus the need for P2P network technology, said Ran Mokady, the company’s CEO. Commtag’s unplug+play technology enables the rapid development and deployment of ad hoc P2P wireless applications from sharing photos and video clips to transferring secure files. For 2G and 3G cellular network operators, this could prove to be a lucrative revenue stream. At present the company is developing a collaboration application that enables mobile data to be linked to mobile telephone numbers, as demonstrated at the recent 3GSM World Congress. The unplug+play platform will provide the following:
For more information: http://www.commtag.com/pages/pr19_3_01.htmlMobileinfo Comments and Advisory: P2P and wireless convergence will not happen too soon. There are lots of challenges for wireless - P2P adds only small incremental value proposition. Note: This news release may contain forward-looking statements. 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. NEWS
Options: 
Reproduction
of any material from the MobileInfo.com's website without written permission is
prohibited. |
|||||||||||||||||||||||||||||