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News
Issue #2002 - 04 (January 2002)
(Updated Jan.
30, 2002)
ACQUISITIONS,
MERGERS & AGREEMENTS
End2End Receives $14.1-Million
From HP
Danish mobile application infrastructure provider End2End has
secured $14.1-million in its second round of financing from
Hewlett-Packard. HP’s investment is in addition to the
$13.2-million from DB Capital Venture Partners, which is the private
equity arm of Deutsche Bank.
This financing will enable the Copenhagen-based company to
continue to build out its data centers to host, manage and deliver a
range of data solutions to wireless network operators, including
One2One, Sonofon, and Telia DK.
In October 2000, HP along with the Deutsche Bank and Cisco
Holdings provided a total of $110-million in vendor financing. Cisco
chose not to participate in the second round of financing.
The American company is looking to End2End to fuel its wireless
strategy to develop mobile e-services through initiatives such as
the HP Mobile e-Services Bazaar.
"Key to the HP vision of mobility is the proliferation of
mobile e-services and our renewed commitment to End2End demonstrates
the strength of this belief and our confidence in End2End’s
business strategy," said Alex Hawker, general manager of HP
Network & Service Provider Business, Western Europe.
For more information: http://www.end2endwirefree.com/index.htm
Mobileinfo Comments & Advisory: End2End
has an interesting business model. Aggregation of mobile services for
the consumer and managing them on behalf of operators who truly do not
have the expertise is a viable space. It is not easy to make money in
the short term. Look at Exodus in the fixed wireline space. Hp, please
be patient and stand by your investment.
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.
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