TORONTO-Wysdom Inc., a developer of wireless Internet applications, has received a $7 million private equity investment from The VenGrowth Investment Fund Inc., a Canadian venture capital firm.
Proceeds will permit Wysdom to accelerate new product development and aggressively pursue the wireless e-commerce market, the company said in its announcement Dec. 1.
Wysdom develops and markets software application suites and turnkey solutions that allow e-businesses and other Internet information providers to offer their content and services over a variety of wireless devices. The firm’s proprietary Wysdom server is the core for delivering wireless data solutions.
