SAN JOSE, Calif.-Datalink.net, a San Jose, Calif. wireless applications service provider whose common stock trades on the American Stock Exchange, has secured an institutional investor’s pledge for $10 million through the private placement of convertible preferred shares.
The company’s B2B, or business-to-business group, extends Internet franchises to the wireless environment through the patented Xpresslink Application Server. Datalink.net’s B2C, or business-to-consumer, group provides custom-tailored information to wireless end users.
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Anthony LaPine, chairman and chief executive officer, said the new financing will help the company further its sales and marketing efforts.
