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SIPquest gains $7M, new name

OTTAWA, Canada—Mobile Voice over Internet Protocol software developer SIPquest said it picked up $7 million during its third round of funding, money that comes as the company works to rename itself FirstHand Technologies.

FirstHand sells mobile client and server software through equipment vendors, systems integrators and service providers to extend communications services directly onto mobile phones. The company said it plans to use the funding to accelerate market traction of its mobile client and server software offerings. The software is available for Research In Motion Ltd., Symbian, Nokia Corp.’s Series 60 and Microsoft Corp.’s Windows Mobile smart phones to screen incoming calls, check the availability of co-workers, sort through the corporate directory, and various other functions.

“Today, SIP is everywhere in telecom, in enterprise and in the consumer instant messaging services; the quest for SIP has been achieved,” stated David Hattey, president and chief executive officer of FirstHand. “The name ‘FirstHand Technologies’ best speaks to our innovation and leadership position enabling enterprise communications everywhere.”

BDC Venture Capital led the funding round, joined by existing investors Covington Capital and Skypoint Capital.

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