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News
Issue #2001 - 25 (June 2001)
(Updated June 20,  2001)

ACQUISITIONS, MERGERS & AGREEMENTS

MetroTrack and Voxera Close Separate Investment Funding Rounds

MetroTrack, a provider of wireless technologies to deliver location-based voice and data services for public safety and commercial applications, closed a seed round with an undisclosed amount of funding from Platinum Capital, a Swiss consulting and merchant banking firm, Venture Wire reported.

MetroTrack, Inc. is a leading developer of wireless location-based voice & data services for public safety and commercial applications. The Company's propietary technologies offer the first viable solution to the FCC's recent mandate requiring all the wireless providers to have the capability to pinpoint the location of 911 wireless callers. MetroTrack's technologies also offer significant commercial applications, including the critical technology component for m-commerce. 

Additionally, Voxera, which develops next-generation mobile information management software, has closed its first round at an undisclosed amount with investments from Voyager Venture Partners and Satwik Ventures.

For more information: http://www.metrotrack.com/press/platinum.html

 http://www.voxera.com/about.htm

Mobileinfo Comments and Advisory: Location-based services are a good bet for future wireless applications.

Note: This news release may contain forward-looking statements. 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.


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