News
Issue #2003 - 15 (May 2003)
(Updated May 8, 2003)

ACQUISITIONS, MERGERS & AGREEMENTS

VC Investments in Wireless This Week

1. Airgo Networks Raises $20,000,000 in Third Round 
Airgo Networks (formerly Woodside Networks) is a developer of Wireless Local Area Network (WLAN) technology.
INVESTORS: OVP Venture Partners (Lead), Accel Partners, Nokia Venture Partners, Sevin Rosen Funds
Click here for complete details.

2. Staccato Communications Raises $7,500,000 in First Round [San Diego, CA] 
Staccato Communications (formerly Discrete Time Communications) uses CMOS processes to develop ultra-wideband (UWB) wireless technologies.
INVESTORS: Allegis Capital, Bay Partners, Charles River Ventures

3. Sorrent Raises $5,500,000 in Second Round [San Mateo, CA] 
San Mateo, Calif.-based Sorrent creates games for wireless and Web-based devices.
INVESTORS: Globespan Capital Partners (Lead), New Enterprise Associates, Sienna Ventures

4. Colibria Raises $3,800,000 [Norway] 
Based in Oslo, Colibria develops and markets software for mobile phones to telecom companies in Europe and Asia. 
INVESTORS: Four Seasons Venture, Northzone Ventures, SND Invest

5. Vistar has received a $5M investment from Technology Partners Canada. 
Vistar's (globalWave product) provides customers with satellite data communication service throughout North America, Mexico, Central America and the Caribbean and around the globe. This GlobalWave service provides unparalleled asset tracking and management for mobile and non-mobile applications.

6. Nokia has agreed to acquire wireless email startup Eizel for $21 million in stock. Eizel will be integrated into Nokia's enterprise network security division, Nokia Internet Communications.

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

MobileInfo Comments and Advisory: Bad week for Wi-Fi. Only one Wi-Fi investmet out of six.

 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.