Samsung Electronics Co. Ltd. outlined its mid- and long-term goals at its analyst day event this week, promising to become one of the world’s top-three electronics companies by 2010. The company also said it would more than double its 2004 sales revenues by 2010, and would have 20 No. 1 market-share products in the world by 2010, up from its current eight. Samsung said it hopes by 2007 to be a top-three company in the world in terms of new patent holdings. In semiconductors, Samsung aspires to achieve $61 billion in sales by 2012. The company also said it aims to become a leading producer of all-in-one mobile phones in the information technology sector. Samsung is today the world’s third-largest mobile phone vendor in terms of handsets shipped.
Trust Digital snared $9 million in its Series B funding round, the developer of mobile enterprise security software announced. Bell Canada Enterprises affiliate BCE Capital led the round. Current investors Core Capital and Avansis Ventures also participated in the round, which follows last year’s Series A round of $3.1 million. Trust also said it recently inked a contract to provide enterprise security on all mobile devices for an undisclosed Tier 1 carrier.
July Systems snagged $10 million in a Series C round of funding led by Motorola Ventures, the mobile storefront builder said. Existing investors Charles River Ventures, NeoCarta Ventures, WestBridge Capital, Jumpstartup and SVB Financial Group also participated in the round. Reese Schroeder, managing director of Motorola’s investment arm, joined July System’s board under the terms of the deal. July Systems, which builds wireless storefronts for operators, media brands and Internet portals, closed a $10 million Series B round last year. The company has raised a total of $33.5 million since its founding more than three years ago. July said it will use the cash to expand its sales and marketing efforts in Europe and the United States. Motorola and July Systems announced a joint effort several weeks ago to build and market what they called “virtual malls” for operators.
