News
Issue #2003 - 05 (February 2003)
(Updated Feb. 13, 2003)

ACQUISITIONS, MERGERS & AGREEMENTS

VC Investments in Wireless

1.Xora announced $4M in Series B funding. The company's software extends access to enterprise software applications to mobile workers through a variety of mobile devices. Xora's customers are providing sales people, delivery people, installers, service professionals, etc. with access to such applications as Siebel, Amdocs-Clarify, Remedy, SAP, Oracle Applications, MS Exchange and Lotus Notes. With production deployments within Global 3000 companies, and partnerships with Motorola, Amdocs, AT&T Wireless, Siebel and IBM, Xora is in a strong position to be a leader in this strategic emerging market.

2. Danger announced recently that it secured $35 million in fourth round financing. The round was led by Softbank Capital Partners and Meritech Capital Partners. Existing investors, including Mobius Venture Capital, Redpoint Ventures, and Venture Strategy Partners, also participated in the round. Danger has now raised more than $77 million and believes it will achieve positive cash flow and profitability without additional financing. The new funds will be applied in scaling Danger's business operations to accommodate multiple wireless-carrier customers on a global basis. Danger is currently working with T-Mobile USA, and has plans to announce additional wireless-carrier customers during 2003.

Source: Various press releases
For more information: http://www.venturereporter.com

MobileInfo Comments and Advisory: Both Xora and Danger get much-needed boost to carry on. Both companies have validated their initial efforts. We, at Mobileinfo, feel that both efforts deserve carry-on financial support. 

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.