News
Issue #2003 - 17 (May 2003)
(Updated May 24, 2003)

ACQUISITIONS, MERGERS & AGREEMENTS

VC Investments in Wireless This Week

Recent Investments

1. Visto Raises $30,300,000 [Mountain View, CA] 
Visto is a provider of enterprise and carrier-mobility software and services.
INVESTORS: Allegis Capital, Blueprint Ventures, Draper Fisher Jurvetson, Oak Investment Partners, Rustic Canyon Group

2. Sandbridge Technologies Raises $19,500,000 in Second Round [White Plains, NY] 
Sandbridge Technologies is a fabless semiconductor company working to develop broadband wireless chipsets for handheld devices.
INVESTORS: Atlas Venture, Bessemer Venture Partners, China Development Industrial Bank, Columbia Capital, Doughty Hanson, Infineon Ventures

3. Acoustic Technologies Raises $13,800,000 in Third Round [Mesa, AZ] 
Acoustic Technologies creates semiconductor and software solutions.
INVESTORS: Signature Capital Management

4. Zandan Raises $4,000,000 in Third Round [Paris, France] 
Zandan, formerly PagesWap, provides software and services for cell phone operators. It offers software for mobile management and consulting and service offerings such as I-mode, Java usage, and WAP 1.2. 
INVESTORS: BNP Private Equity, CDC IXIS, Undisclosed

5. PointShot Wireless Raises Seed Financing Round [Canada] 
PointShot Wireless develops wireless infrastructure solutions for Wi-Fi networks.
INVESTORS: Venture Coaches (Lead), Others

Source: Various press releases, especially Venture Reporter
For more information: http://www.venturereporter.com

MobileInfo Comments and Advisory: Investments in a number of different sub-sectors within wireless industry - Wi-Fi and broadband continue to attract attention. There is room still in Wi-Fi but for niche products. 

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.