News
Issue #2003 - 09 (March 2003)
(Updated Mar. 19, 2003)

ACQUISITIONS, MERGERS & AGREEMENTS

VC Investments in Wireless This Week

Recent Investments

1. fSona Raises $9,500,000 [Canada] 
fSona develops laser-based wireless devices for enterprise networks and high-speed Internet access.
INVESTORS: GrowthWorks Capital (Lead)

2. InfoClarus Raises $8,500,000 [Lexington, MA] 
InfoClarus received funding from Prism Venture Partners to support the acquisition of iConverse.
INVESTORS: Prism Venture Partners (Lead)

3. Vivato Raises Funding [San Francisco, CA] 
Vivato is a wireless networking infrastructure company and creator of Wi-Fi switching, a new architecture for wireless local area networks that combines gigabit Ethernet switching, Wi-Fi and smart antenna design to send and receive multiple transmission.
INVESTORS: Intel Communications Fund (Lead)

4. Broadreach Networks Raises New Funding [U.K.] 
Broadreach Networks is a provider of broadband internet access via both fixed-terminals and wireless local area networks("hotspots") in public locations operated throughout the UK under the ReadytoSurf(TM) brand name. Broadreach is backed by British Te...
INVESTORS: VCF Partners (Lead), Generics, Intel Communications Fund, Virgin.net, Yorkshire Fund Managers

5. RovingIP.net Raises New Funding [Bellevue, WA] 
RovingIP.net provides inter-network services to broadband wireless service providers and operators of public and private 802.11 wireless networks. Founded by individuals who were instrumental in developing the North American ...
INVESTORS: Intel

6 Authentec secures $12.1M third round
Authentec announced a $12.1 million third round of funding, led by Sierra Ventures. The company has raised a total of almost $50 million to date. Authentec provides biometric fingerprint sensors to the PC, wireless, PDA, access control, and automotive industries.

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

MobileInfo Comments and Advisory: VC action is in WiFi, broadband and security sectors of wireless.

 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.