Visto adds $70M to war chest

REDWOOD CITY, Calif.-Visto Corp. hopes a whopping $70 million financing round can propel it to the forefront of the white-hot wireless e-mail space.

The developer added to its already-fat wallet with the latest round, which was led by DFJ ePlanet Ventures. Current investors Draper Fisher Jurvetson, Oak Investment Partners, Meritech Capital Partners, VantagePoint and Allegis Capital also participated.

Visto, which boasts relationships with United Kingdom-based Vodafone Group plc, Sprint Nextel Corp. and Canada-based Rogers Wireless Inc., is one of a half-dozen companies vying to gain market share in mobile push e-mail space. Research In Motion Ltd. dominates the field,