News
Issue #2003 - 28 (November 2003)
(Updated Nov. 4, 2003)

ACQUISITIONS, MERGERS & AGREEMENTS

VC Investments in Wireless News

1. picoChip Designs Raises $17,000,000 in Second Round [UK] 
picoChip Designs is a developer of fast and flexible wireless solutions for next generation telecommunications systems.
INVESTORS: Atlas Venture, Pond Venture Partners, Undisclosed

2. SyChip Raises $15,000,000 in Third Round [Plano, TX] 
SyChip is a developer of radio frequency integrated circuits and chip scale modules for the wireless Internet appliance market. INVESTORS: Sierra Ventures (Lead), 3i, Alliance Technology Ventures, Genesis Park, Intel Capital, K2, Markpoint Venture Partners, Masthead Venture Partners, New Venture Partners, Pacesetter Capital

3. Boingo Wireless Raises $10,000,000 in Second Round [Santa Monica, CA] 
Boingo Wireless is a provider of software technology and roaming services that help bring the wireless Internet to the masses. The company has assembled a large and rapidly growing roaming system with over 2600 Hot Spot locations under contract and ove...
INVESTORS: Mitsui & Co. (Lead), Amerindo Investment Advisors, Evercore Ventures, New Enterprise Associates, Sternhill Partners

4. MOBILEWAY (UK) RAISES $17 MILLION IN SERIES C ROUND FUNDING
Mobileway has experienced dramatic growth over the past three years both in terms of its customer portfolio, which now includes more than 400 local and global brands of the world's leading media, entertainment and marketing companies, as well as through the expansion of its product portfolio. Through the development of advanced application platforms, Mobileway offers companies industry-leading solutions that help them build fun, attractive campaigns and a first class service for delivering and monetizing their content across the globe.

5. Strix Systems Inc. Gets Another $15 million in Additional Financing
Strix makes "Smart" wireless LAN access poins. The company plans to spend this money on expanding its sales and marketing team. This investment brings the total investment in the firm to $34 million.

MobileInfo Comments and Advisory:  Investment in wireless companies continues at a good clip.

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.