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News
Issue #2002 - 30
(August 2002)
(Updated Aug.
7, 2002)
ACQUISITIONS,
MERGERS & AGREEMENTS
VCs Looking for Companies with Real Products for Real People
Wireless vendors expecting to attract the attention of today’s
venture capitals will have to prove their offerings are not
over-hyped technologies, with the life span of a news clip, but
serve the needs of real people and, over time, will generate real
profits.
Technologies servicing the enterprise and those geared toward
wireless local area networks are
piquing investor interest. The latter is not surprising,
according to research firm Alexander Resources who predicts the
wireless LAN service market will reach $15-billion by 2007.
Two Wireless Vendors Meeting the Criteria
Eizel Technologies
Last February Eizel Technologies, an enterprise software company
based in Pennsylvania, launched IDEAS, a turnkey installation
process that eliminates the provisioning and consulting costs of
typical enterprise mobilization projects. Since then, the company
has secured $4.2-million from investors the likes of industry giant
Nokia.
IDEAS enables high-speed delivery of e-mail attachments, images,
documents and enterprise applications over 2G, 2.5G and 3G wireless
networks and WLANs.
Bluesocket
Another wireless vendor who is turning investor heads is
Bluesocket. As a developer of wireless LAN solutions, Bluesocket has
build a reputation on providing user-friendly products that secure
and manage wireless access to corporate networks and the Internet.
Recently, the Massachusetts company added $2-million to its second
round of $16-million financing.
The additional $2-million from Ascent Venture Partners and
Ironside Venture LLC will be used to further expand the company’s
domestic and international reseller channel program, advance sales
and marketing activities, and facilitate next-generation product
development.
To paraphrase Ironside Venture’s managing director, David
Alpert, the two things that impressed investors enough to invest in
Bluesocket were its approach to solving problems that exist in
wireless LAN environments and its scalable solutions that are
user-friendly.
For more information: http://www.eizel.com
http://www.bluesocket.com
MobileInfo Advisory & Comments: Wireless vendors, like Eizel Technologies and
Bluesocket, that
offer products that meet the needs of the enterprise and the
end-user, leverage existing infrastructure, and serve a growing
niche market will have a better chance of opening up the wallets of
today’s venture capitalists.
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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