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News
Issue #2002 - 09
(March 2002)
(Updated Mar.
6, 2002)
ACQUISITIONS, MERGERS
& AGREEMENTS
A String of Recent Investments in
the Wireless Industry
While the headlines preach
doom and gloom for the high-tech industry, there have been deals in
the wireless sector worth millions of dollars unfolding behind
closed doors.
Celerica Raises Over $18-Million
Celerica of Morristown, New Jersey, has announced that it has
secured over $18-million in a second round of funding.
Leading the round was Pitango Venture Capital of Tel Aviv,
Israel, along with Charles River Ventures, Ridgewood Capital,
Platinum Venture Capital and STAR Ventures, as well as private
investors.
The total funding raised to-date stands at $20-million.
The funds will allow Celerica to advance its products that are
designed to maximize the capacity of existing wireless
infrastructure in urban areas, enabling mobile operators to add
cellular sites less expensively and more quickly.
Andrew Corp. Acquires Wireless Equipment Firm for $470-million
Orland Park-based wireless equipment maker Andrews Corp. said it
will acquire Celiant Corp. for $470-million in cash and stock. Based
in Warren, New Jersey, Celiant is a wireless equipment manufacturer,
specializing in powered amplifiers.
Andrews said that the acquisition will boost its profile as an
independent supplier of power amplifiers and give it a broad array
of products that support several of the next generation wireless
standards.
Ember Secures $5-Million
Ember Corporation, a wireless embedded network provider for
industrial and commercial enterprises, has secured an additional
$5-million in its second round of funding.
Polaris Venture Partners led previous investors DFJ New England
and Stata Ventures.
The capital raised will be used to fund commercial deployment of
EmberNet technology in industrial and commercial sectors and to
explore potential foreign markets, particularly in Asia.
Motorola Ventures Recent Investments
Motorola Venture, the investment arm of Motorola Inc., said it
invested in Finnish mobile entertainment firm Codeonline OY and
American network technology company Xanboo.
Codeonline OY
Investing in Codeonline will allow Motorola to expand wireless
applications in Europe, where interest in wireless-delivered content
is booming, said Jim O’Connor, Motorola’s managing director,
Midwest.
Motorola is also betting that Codeonline’s license for its
wireless version of ‘Trivial Pursuit’ will be as successful as
the broad game editions.
Xanboo
Motorola Venture has also invested in Xanboo, a company that
develops technology that allows users to monitor their home remotely
over the Internet.
The American mobile phone maker joined investors in a $20-million
round of funding, which Xanboo plans to use to expand its presence
in the ‘networked home’ market.
At the moment, the technology is designed for use over PCs, but
it will soon find its way onto set-top boxes and then onto handheld
devices, Xanboo said.
Motorola hopes telecom carriers and broadband providers will see
remotely managed home and small business networks as a value-added
subscription-based service.
For more information: http://www.celerica.com
http://www.andrew.com
http://www.ember.com
http://www.motorola.com
Mobileinfo Comments & Advisory: It
does appear that for the right product or service, there is VC money
available. That is good news for the industry.
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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